tough to critize the One with all the answers

And they still refuse to call this Pres. a socialist.
He is a Socialist "BANK ON IT"

This is slightly off topic but I think that Obama is making a big mistake releasing these Gitmo memos and now releasing tons of torture photos taken in Iraq and Afgh. Now Obama has all these civil liberty lawyers just lining up and nimrods like Pelosi trying to create congressional inquiries. Bad news for the US if this feeding frenzy is allowed to occur.

Well, I guess Mastercard will not be hiring Wagoner anytime soon then? Any credit card executives reading this: your bonus is no longer safe, check who packed your "golden parachute", and you will probably be out a of a job within the year. Obama does not, I repeat, does not want to run your business. That is why he will fire you.

In response to ccon.

What the current Democrats, and Obama in particular do not grasp, is that they will not be in power forever. They are simply setting the precedent for political prosecutions of your political rivals, and in about 3 years and 200 days, they will be the ones facing criminal proceedings.

I'm just waiting until the great "0" creates a mini-me in his own image and likeness.

Like lemmings going over the cliff, the great unwashed masses of our southern neighbour are still following the choen one, oblivious to the end in sight.

No one is forced to use a credit card. If you really need it as a convenience, fine, pay it in full every month and shut up.

If a person is using a credit card as supplementary income, then that person is an idiot and there is not protection for stupidity that doesn't involve jail time.

30 years ago I lived with a maxed-out card and paid the price. One day I said enough and cut it up. It was challenging to not be able to impulse buy useless shit for awhile, but soon enough I had a lot of extra money that used to be paid in interest. I have never paid a penny of interest on a credit card since then. I use it as a convenience only. I check my cash on hand and NEVER spend more than I can pay off at the end of the month.

It's simple ... just smarten up.

Don't tell me about the poor people who need it for groceries, there are food banks and welfare for that. If a person cannot afford to pay off credit debt, they should not have credit in the first place.

The only message Obama needs to give the credit card companies is ... don't give cards to people who have no cash flow.

I think that Elizabeth Warren is behind this initiative. I think she has good ideas and good motivation. I've mentioned her before, her YouTube lectures are worth watching if you're bored.

Here is a paean to her:

http://caveatemptorblog.com/2008/06/13/quick-thoughts-superstars-barack-obama-and-elizabeth-warren-collide-plus-new-democratic-hypocrisy/

But again, how far should the government go to save people from themselves?

Out of 4,000 votes. That would be--what?--3% or so?

Another dead horse. But what about that birth certificate? Huh? And why a Portuguese water dog?

So much to do, so little time...

Obama can also do this;

[ Washington, DC -- UK's Lord Christopher Monckton, a former science advisor to Prime Minister Margaret Thatcher, claimed House Democrats have refused to allow him to appear alongside former Vice President Al Gore at a high profile global warming hearing on Friday April 24, 2009 at 10am in Washington. Monckton told Climate Depot that the Democrats rescinded his scheduled joint appearance at the House Energy and Commerce hearing on Friday. Monckton said he was informed that he would not be allowed to testify alongside Gore when his plane landed from England Thursday afternoon.] Climate Depot

http://www.climatedepot.com/a/429/Report-Democrats-Refuse-to-Allow-Skeptic-to-Testify-Alongside-Gore-At-Congressional-Hearing

Hey Momar, you missed the point. This is not about the virtues of credit cards but rather mr hope & change coming out as mr socialism. The government is as qualified to run a creditcard company as they are capable of honouring your car warrantee.

The reason, I suggest, that Obama is now launching a massive witchhunt against the Bush administration is to counter the rising opposition to his socialist agenda, with its massive govt intrusion in all aspects of life, its govt spending, and its generation long deficits.

The Tea Parties were an open challenge to Obama, and his Backroom reaction is, not to debate and discuss the viability of his policies. After all, as was shown in his insistence that the 'stimulus pork bill' be passed without Congress reading or debating it - dissent is now allowed in Obama's regime.

So, since debate, questions and dissent are not allowed, the tactic to silence opposition to him is to divert attention from himself. That's the reason for the witchhunt over the Bush administration. The only reason.

It has nothing to do with morality - for Obama's tax-evading, lobbying, team can't claim any merit in that department. It's a deliberate attack against anyone who rejects Obama, who questions his policies. It's a tactic to make anyone who supported Bush or simply didn't support Obama - feel guilty and without the 'right' to question or dissent.

Will it work? The agenda is to silence any opposition, any questions, any debate, about Obama's policies. I don't think it will work - and what we'll see then, is even more outrageous attempts by the Obama Gang, to silence the American people.

"The only message Obama needs to give the credit card companies is ... don't give cards to people who have no cash flow."
Monar

People who still have a cash flow is a shrinking market as it is and your thinking is no better than Obama firing the GM CEO, here.

I was with you until that last paragraph and like you, I use to have a maxed out card too and just like you, I also smarten up. All by myself.

Obama should keep out of private business. Period. Again he is trying to protect the screw ups, the same types who bought homes they could not afford.
Watch, he'll want to bail out these people soon. After all, it's most of his voter base.

Just the other day, I rented the DVD documentary "Maxedout"...Highly recommended viewing as a true picture of too many of us living beyond their means which now the responsible ones have to bail out in one form or another.

Jack Layton in a minstrel outfit, but sadly a large number of people take this clown seriously.

RHTT:

Bbbbut. It would be racist to deny mortgages and credit cards to people who have no jobs.

From what I can discern, everything Obama does has two purposes (or at least two outcomes):

1. Diminish the strength and resolve of America in the eyes of its enemies and detractors; and

2. Disassemble the capitalist economic system by imposing government intervention and interference in all major commercial and inductrial sectors.

In other words, destroy not only the capitalist heart of America with government takeovers of private business but also its patriotic spirit as well by sowing the seeds of self recrimination and guilt.

This is the begining of the end for America.

Mr Credit Card says "Pay your Bills and we can all have Lower Rates and Fees"

Risk is priced...

Insurance and Credit work on the exact same principals, the higher the risk the higher the cost. If you want fixed interest rates on revolving credit then take a Personal Loan and pay off your cards, revolving credit is basically handled as a re-loan each cycle (month) of the outstanding balance and therefore the rate can be changed in a billing cycle.

If you carry a balance the issuer re-loans you the money each month that is why the rates and credit limits can be changed, it is not like a bank loan, with a rate and a payment schedule.

The Obamastration want the CC companies to lock the rate at time of purchase until you pay it off. So each purchase would have to be itemized and accounted for separately on your statement, you would then have to itemize how you payments are applied to the purchases. This will lead to early payoff penalties like other loans have, because the rate will be tied to a repayment schedule to maximize profits ( at least that is what I would do as a issuer)

The people with the problem are too lazy or oblivious to read what they sign now, can you imagine the outrage when they have to approve Interest rates at time of purchase and itemize each dollar of their payments?

The last point is that I have heard people on TV say there are only 4 credit card companies which is a monopoly, while it is true their are only 4 credit card processors, they do not actually issue the credit or the terms except in transaction fees for the merchants and issuers. The only pure play is American Express.

The level of financial products ignorance at the the Government Regulatory Level in Both USA and Canada is awe inspiring.

"The only message Obama needs to give the credit card companies is ... don't give cards to people who have no cash flow."
Monar

People who still have a cash flow is a shrinking market as it is and your thinking is no better than Obama firing the GM CEO, here.

Terry Tory

Apparently you are not thinking at all. What is your point? You are saying that people who have no incomes should be given credit cards? That is what you said.

"When the Portugese water dog got the nomination it was the first time I've felt proud of my country"

Yep. American pride shows through...

Where are the Unions screaming "Buy American!"...?

I too f'd up my credit when I was a yoot. My credit was taken from me and I had to get along with cash. Nobody was responsible but me, I knew going in, and I knew going out.

That being said, the type of mentality that allowed me to put myself in that situation, is the same mentality that would allow me to gladly take a hand-out to pay my bills. That mentality would have also allowed me to blame the lenders for my default. I would have known it was BS(like they all do), but like all other things, show me some money and I'll toe the line.

I’m saying that lenders are not the predators; they, and the economy are the victims of “economic terrorism”. Those that default on their loans and mortgages are the “economic terrorists”. They are the suicide bombers for the elites in this terror organization. They are the ones that tanked the economy and continue to do so by demanding/accepting welfare their country cannot afford. The same F’n thing they did to themselves(spending money they didn’t have) is the same thing they expect their government to do(spend money they don’t have).

I'm proud to say I can no longer be bought. Lorne Calvert tried to buy my vote in the last election with some goodies for post-secondary grads. I probably would have benefited in the short run, but a long-term outlook and some principles set me straight.

Honestly, Brad Wall being a Raida's fan was the only real obstacle preventing me from putting a check beside the Sask.Party last election. Never trust a Raida!

BTW(from a Chiefs fan) congrats Tony Gonzalaz on your new digs.

Is anyone tired of being patronised by this empty suit? Anyone?

Furthermore, adults should pay their own damn bills!

The Liberal Party announced a while ago they had purchased fund raising software from the Democrats. The thing is a lot of the contributions Dems received were illegal. The Lib problem is not that people want to give too much, it's that people don't want to give at all. By the by, NP has an opinion piece about how Iggy got the number of time zones in Canada wrong in his book. They compare the free ride Iggy gets to when Stockwell Day got the flow of the Niagra river wrong.

"This is the begining of the end for America."

Via insta at bizzy blog revenues are falling off the table, April will be down 40% over last and shrinking geometrically.

NPR and PBS can't stem the red tide forever. A temporary lull in bad news is owed the stabilization in oil as everyone absorbs the one-off 30% rise in raw materials.

By Autumn we'll be in free fall again when the next round of tax hikes hit the news.

This will end badly.

"Terry Tory

Apparently you are not thinking at all. What is your point? You are saying that people who have no incomes should be given credit cards? That is what you said."
Monar

Just let the credit card company decide on that, not Obama.
That's all I'm saying to you. You seem to want the gov to stick it's nose again in private enterprise but sticking yet another clause...Do you know how difficult it would be to control all this?
How long do you have to have steady income before you can get a card? is one example. Then how long can you keep your card after you lose or quit a job? Who is going to control this? Government? More bureacracy? For what? Iresesponsible f*ck ups who continue using credit when they know in advance they won't make the next payment?

More nannism is what you seem to want here. I'm I wrong? Please explain.

"Who is going to control this? Government? More bureacracy?"

C'mon Tory, the government does an excellent job of making sure only qualified people receive welfare, employment insurance, grants and any other number of financial transactions. Surely their ability to make quick decisions based on an individual’s current situation is unmatched by the private sector. Surely the governments history of exceptional customer service will put your mind a ease.

Perhaps Obama himself will make all of the individual credit decisions. When he's not busy micromanaging the military of course.

Fox News is reporting that Obama may remove the CEO of Citibank.

And yesterday, Hannity asked - "Is there anything Obama likes about America'? ..He asked this because it's so obvious that Obama has nothing good to say about the US. His guest replied: "The fact that he was elected president".

American Thinker has a comment about the polls about Obama. Steve McCann writes:

"Just read an AP report: the percentage of Americans that think the country is on the right track rose to 48% in March as compared to 40% in February. In light of the unemployment rising, the debacle in foreign affairs etc, I found it unlikely. So I looked into the details of the poll.

73% of the Democrats polled thought we were on the right track
17% of Independents
10% of Republicans

That made it even more suspicious as to how those numbers could result in a 48% overall right track vote.

So digging deeper, it turns out

36% of those polled were Democrats
18% Republican
26% Independent
18% None claimed

In the 2008 election the spread between Democrats and Republicans was 6.5 percentage points not 18 and independents made up 22% of the vote not 26%.

It appears that there have been similar distortions in the various polls measuring Obama's approval ratings".

Manipulation is always fascinating.

But Rasmussen polls, which I do trust, has a poll out today that says that 53% say that the next President will be a Republican.

The Daily Presidential Poll today is just +5. He began his term with a ratio of +30. It's gone steadily down since then. He's been in the single digits since the beginning of March.

And 58% view the release of the CIA memoes as harmful to national security; 60% say that this govt has too much power..

So, Obama, or rather, the BackRoom Guys managing him (I claim Obama hasn't a clue about anything)..are going in the wrong direction.

But, they are worried about the public's rejection of their socialist agenda - and so, they are attempting to create a witchhunt against Bush and against 'victims of Bush'..as a diversion. Will it work?

Socialist or not, Americans are loving this guy! Percentage of people who think the country is going in the right direction is 64% - the HIGHEST since 2004! The dude is kicking butt and the majority of Americans love it, oh well!

Socialist or not, Americans are loving this guy! Percentage of people who think the country is going in the right direction is 64% - the HIGHEST since 2004! The dude is kicking butt and the majority of Americans love it, oh well!

But Jordan that poll your talking about was asked of only you and your demo fiends.

Next he will be telling NASA he's taking over because in his mind he made the stars.

jordan

politicians lie, lieberal politicians lie even more, and pol-takers are often political whores

or are you trying to tell us that ALL dems are stupid

ET asks if this torture witch hunt diversion of Obama's will work. Yes it will work, for about two weeks. Then people will start talking about how the exonomy is crap again, and how off it is that Obama is replacing the CEO of CITI Group, one of the largest banks in the entire world. Then he will have to pull another shiny thing out of his pocket.

It is my estimation that Obama will default to the usual leftist/fascist and conclude what he needs is a short victorious war. That's when its really going to hit the fan.

President 44 of the United States of America, The One, Barack Hussein Obama.

Convert each letter to a number, keep 44 as 44, add 'em up ... 666.

What a beastly surprise.

I think the credit card reforms itemized in the link make sense. No we do not want a socialist system, but we also do want some kind of regulations to control the abuses that inevitably creep into a capitalist system. Who could argue with regulations to prohibit unfair rate increases or to ensure the use of plain language to explain policies and fees. Next I hope he goes after the Xerox machines.

Speedy: "Stockwell Day got the flow of the Niagra river wrong." -- This always so teed me off. I was pretty sure that about 95% of the people snickering at Stock didn't know which way the river flowed either. Guaranteed -- it was always a matter of taking pot shots at Conservatives . . . hence, the failure of media to not mention Iggy's errors is not a surprise. How many time zones in Canada, anyway?

Linda, there are six time zones in Canada, seven if you count Saskatchewan's commitment to keeping proper time year round.

Re: "there are six time zones in Canada" Thanks, cat man,I'll file that away and maybe it will come in handy some day,particularly the bit about Saskatchewan -- why do they do that anyway?

"Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically. In doing all this, fascism denatured the marketplace. Entrepreneurship was abolished. State ministries, rather than consumers, determined what was produced and under what conditions."

http://www.econlib.org/library/Enc/Fascism.html