Bernie Sanders, Economic Illiterate

[mystery-ak]

http://www.weeklystandard.com/print/blogs/bernie-sanders-economic-illiterate_1046082.html?utm_medium=social&utm_source=facebook.com&utm_campaign=20151015_TWS-blog-bernie-sanders-economic-illiteracy-3_facebook.com&utm_content=TWS

Bernie Sanders, Economic Illiterate
Mark Hemingway
October 15, 2015 5:07 PM

So Bernie Sanders, who wants to make college education "free," just tweeted out the following:

Bernie Sanders
✔
@BernieSanders

It makes no sense that students and their parents pay higher interest rates for college than they pay for car loans or housing mortgages.
2:31 PM - 15 Oct 2015

Suffice to say, if Sanders can't understand this, he has never looked at the respective default rates for college loans versus auto loans and mortgages. But beyond that, there's an even simpler, glaringly obvious reason for the discrepancy, as noted by WEEKLY STANDARD contributor Dan McLaughlin:

Dan McLaughlin @baseballcrank

Has anyone explained to you the difference between secured & unsecured loans? Try repossessing a college degree.

https://twitter.com/BernieSanders/status/654741381294874624 …
3:47 PM - 15 Oct 2015

I would like to believe that Sanders knows better than this. If he does, I would strongly suggest finding smarter campaign staff to handle his social media strategy.

[Oceander]

Sanders is a self-proclaimed socialist, which means he's even stupider than the average democrat/liberal when it comes to things economic.