Senator Ted Cruz

I am doing fabulous, and you'll appreciate I'm doing particularly well because I –

I enjoyed last night the Texans whipping the Steelers' ass.

That just brought great joy to my heart.

It vindicated, as a little kid growing up in the 70s in Houston, the 79 and 80 AFC championships are still wounds that have not healed.

As the greatest Oilers team we ever had with Earl Campbell crashed into the Pittsburgh Steelers.

So I feel like we got a modicum of justice and revenge for –

for a decades-old wound.

Look, we've tried that approach in the past.

Both Nixon and Carter tried an approach very similar, and it didn't work.

When you cap prices, what you end up doing is you exclude a whole bunch of people from the market.

So you know what?

If you're rich, if you have great credit, a cap of 10% does not limit your ability to get credit because you've got good enough credit that, frankly, you're not paying 10% anyway.

The people that will get hurt by a 10% cap are people who are low income, people who are struggling to get credit, people who have bad – people who have a record of defaults.

And if you cap it at 10%, what it's going to mean is they're not going to be able to get any credit cards at all.

Basically, you're taking away credit cards from every person for whom the credit risk is greater than a 10% rate justifies.

And look, for many people, if you've got a higher interest credit card –

You're doing that because you got bills.

Maybe you got to pay rent.

Maybe you got to pay by groceries that week.

Maybe you got to pay for your kid to get braces.