Bernie Sanders and Donald Trump are like oil and water. They don’t mix.
But in a shocking twist, the progressive Senator says he wants to work with Donald Trump’s team in a move to help the American people.
Late Friday, Sanders expressed his willingness to directly work with and collaborate with the Trump administration to tackle high credit card interest rates.
I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%.
We cannot continue to allow big banks to make record profits by ripping off Americans by charging them 25 to 30% interest rates.
That is usury.
— Bernie Sanders (@SenSanders) November 15, 2024
During a rally this past fall, Trump proposed capping annual credit card interest rates at 10% — in line with what Sanders wants to do, too.
“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump said. “We’re going to cap it at around 10%. We can’t let them make 25 and 30%.”
Data from the Federal Reserve says the average credit card interest rate stood at 21.5% as of May, reflecting a sharp increase since early 2022 amid inflation pressures following the COVID-19 pandemic.
Credit card interest rates have never fallen to 10% in the Fed’s records, which span back to 1994.
However, Sanders’ position of working with Trump goes back to his criticism of the Democratic Party’s failure to prioritize working-class voters.
In a statement shared on X, Sanders criticized Democratic leadership for clinging to the status quo.
It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them.
While the Democratic leadership defends the status quo, the American people are angry and want change.
And they’re right. pic.twitter.com/lM2gSJmQFL
— Bernie Sanders (@BernieSanders) November 6, 2024
He argued that this approach has alienated key groups, including white, Latino, and Black workers, who are growing increasingly disillusioned and calling for meaningful change.