This take from Bernie Sanders is so hot, we’re amazed he didn’t catch on fire:
It makes no sense that students and their parents pay higher interest rates for college than they pay for car loans or housing mortgages.
— Bernie Sanders (@BernieSanders) October 15, 2015
Bernie, Bernie, Bernie … do you even economics, bro?
@berniesanders It makes no sense for socialist ideologists. It does make sense in the free market. But you have to understand markets. 🙁
— Craig Kohtz (@kohtz) October 15, 2015
.@BernieSanders It makes no sense to someone like you who doesn't understand finance.
— Mariana (@sasso333) October 15, 2015
@BernieSanders It makes no sense that a loan WITHOUT collateral is at a higher rate? So you don't even understand basic economics… Ok.
— Bert Difig (@BertDifig1) October 15, 2015
— Mark Youngkin (@mayoungkin) October 15, 2015
That’s OK. These tweeters are willing to school him for free:
Actually, it does. Cars and houses represent collateral. https://t.co/ECn3vyzYyh
— Charles C. W. Cooke (@charlescwcooke) October 15, 2015
@BernieSanders really? Do you know what the word collateral means?
— Kevin Morgan (@Knamorgan55) October 15, 2015
Actually, @BernieSanders, it makes perfect sense that a secured loan is less expensive than an unsecured loan. Compensation for risk.
— P Henry Martin (@PHenryMartin) October 15, 2015
@BernieSanders What collateral do you propose for the college loan? None? Hence, higher interest. Your lack of knowledge is terrifying.
— David Wells (@DwellsRugby) October 15, 2015
@BernieSanders It's not that difficult to understand. It's called collateral. You can take back a car or house.
— David Kelley (@kelley4_dave) October 15, 2015
I'm here to repossess your education
[hits you on head w/ bat]
dammit… this education has no resale value at all! https://t.co/NkemJyNZcX
— Political Math (@politicalmath) October 15, 2015
@BernieSanders because no college student ever has wasted that money and not finished or got a degree in something with zero market value
— Andrews Dad (@Andrew_Dad) October 15, 2015
@BernieSanders How do you repossess someone's education? Of course interest rates are higher. There's more risk involved. Learn economics.
— Dan Burr (@DDB66) October 15, 2015
@BernieSanders yes, it does. Car loans and mortgages have physical collateral to secure the loan, you cant repossess knowledge (1/2)
— Dustin Meeks (@DustinWMeeks) October 15, 2015
— bmcnett (@bmcnett) October 15, 2015
And as Bernie has so clearly demonstrated, some people can’t even possess one to begin with.
@BernieSanders It makes no sense that somebody who doesn't understand how interest rates work is running for president
— Steven Eells (@StevenEells) October 15, 2015
@charlescwcooke Again, I have to ask. How does someone reach the age of 74 without learning a GD thing about how life works?
— Azathoth (@ArkhamRealty) October 15, 2015
We’re not sure, but Bernie’s made it look easy.
@BernieSanders ok well you just proved you know nothing about a loan. Thanks for clarifying.
— James Fenimore (@JamesFenimoreLI) October 15, 2015
@BernieSanders You’re a United States Senator. This should make perfect sense to you. That fact that it doesn’t is your fault.Figure it out.
— Joe (@JoeFL65) October 15, 2015
@BernieSanders It makes no sense that someone who doesn't understand loss rates and collateral is running for president.
— Jeff Weiner (@justicesalmon) October 15, 2015
That's easily explained. It's because you're a moron. https://t.co/53rylFLWrc
— Matthew (@Matthops82) October 15, 2015
@BernieSanders If you're an imbecile it makes no sense. The rest of us get it.
— #NeverTrump (@rwgranny) October 15, 2015
@BernieSanders Please go away quickly and quietly. Your lack of understanding is doing far more harm than good.
— The Department of No (@SantasTavern) October 15, 2015
Eh … maybe we should just leave him to wallow in his own pit of stupidity.
@charlescwcooke "Forget it. He's rolling." – Animal House
— Lee C.J. Sobotka (@LCJS) October 15, 2015