Originally Posted by dellinger63

I just believe and always will that going further into debt as either an individual or nation is NOT and never will be the answer. Unless you have a terminal illness. :D

Originally Posted by hi_im_god

i wonder why someone faced with this thinks an adam smith unseen hand free market is the solution.

what's your point? other than the regulation was flaccid and didn't go far enough.

Originally Posted by timmgirvan

they're getting their losses back raising the rates on ALL customers.

Originally Posted by Riot

C'mon - if you are going to talk about how fiscally irresponsible Obama is, you have to pay attention to what he has done fiscally. Google: Obama tax cut 2009 Most employees got an immediate deduction in their paychecks (cash in pocket) early this year. There are deductions on this years tax form, too. Mortgage, capital gains adjustments. This has been talked about on this board



Okay, you said Obama has been fiscally irresponsible. The above is a guess about the future. We''ll see. But sorry, no, saying he will probably do something doesn't give him credit for having already been fiscally irresponsible.

A blank here. Except for KNS. Good shot at HOY in the $5K and under division :tro:



The first stimulus package kept us out of a depression. You disagree. Draw here.

The budget is not yet passed, so no, you can't use that as something showing his fiscal irresponsiblity, either.



Yes, everyone knows that to use, for job creation and small business "stimulus", $50 billion of the $200 billion of the unused TARP funds and the $200 billion so far of the paid-back TARP funds, would take Congressional approval. Yes, he wants to do it, yes, it has to be approved. He can't take the money and do it on the sly :D

So you think it's fiscally irresponsible to do the jobs/small business stimulus package?



No, not talking about the jobs program, talking about TARP funds, TARP program only, funds that are not going to be disbursed into TARP. Bush started the TARP dispersal, Obama is continuing, but he is NOT going to disperse the final $200 billion already approved before he was elected.




?? Nobody said the jobs initiatives have started yet. Nobody expects unemployment to magically drop to 5% in the next few months. You know about the small business and jobs stuff, you've talked about it here.

So basically, all you have to show how Obama has been fiscally irresponsible is .... the above? And your fear of what he will do in the future?

Not very convincing. He may turn out to be a disaster - and you will be free to say, "I told you so!", but he sure isn't yet. Actually, considering the disaster he walked into, he's doing fine so far.

Originally Posted by miraja2

But presumably their customers who are fiscally conservative don't ever carry a balance and would therefore be unaffected by interest rate increases. If people pay their bill in full every month, the interest rate on their credit card is pretty meaningless. Only the foolish liberals who spend money they don't have should be affected by credit card rates.

Originally Posted by timmgirvan

Everybody has/or uses credit cards to some extent, conservative or liberal.
the blatent point is that THEY arbitrarily raise their rates even to the best of customers....plain simple abuse to their cardholders.

Originally Posted by Cannon Shell

in response to the bills trumpeted by Riot several months ago.

Originally Posted by Cannon Shell

in response to the bills trumpeted by Riot several months ago.

Originally Posted by timmgirvan

Everybody has/or uses credit cards to some extent, conservative or liberal.
the blatent point is that THEY arbitrarily raise their rates even to the best of customers....plain simple abuse to their cardholders.

Originally Posted by timmgirvan

Everybody has/or uses credit cards to some extent, conservative or liberal.
the blatent point is that THEY arbitrarily raise their rates even to the best of customers....plain simple abuse to their cardholders.

Originally Posted by miraja2

They could raise my rate as high as they want, it doesn't affect me at all.
I use a credit card for everything, and never pay a dime in interest because I never carry a balance.
I just don't like being in debt. Maybe it is simply my inner fiscal-conservative rearing his ugly head.

Originally Posted by Riot

And they won't be able to in another month. So call them, be aggressive, demand the rate you want, and if it doesn't work fire them, keep one card.

And after the new legislation takes effect shop around, you should get some great deals - and no "entry rate then we screw you later in the fine print when you don't notice" , because it will no longer be permitted by law ;)

No giving you a notice that "suddenly starting two months back your interest rate rose". No moving the billing due date around on you so you'll miss it and incur overdue charges. No applying high interest rates to the oldest balances obtained under a lower rate.

It's good legislation. Just hang on through the final temper tantrum of the credit card issuers, because YOU'LL have the power, not them, in another month or so when the legislation takes effect.

Originally Posted by Riot

We do, but read the article again. Bush "did" do stuff and there it sits.

Obama "may" do stuff (in the opinion of this op-ed piece and Cannon Shell)

You can't crucify Obama for doing stuff, until he actually does it ;)

Then you can say, "I told you so!"

Originally Posted by Riot

We do, but read the article again. Bush "did" do stuff and there it sits.

Obama "may" do stuff (in the opinion of this op-ed piece and Cannon Shell)

You can't crucify Obama for doing stuff, until he actually does it ;)

Then you can say, "I told you so!"

Originally Posted by dellinger63

IMO that would be like waiting for a burglar to actually take something after breaking into the house before putting 3 rapid shots in the center core.

Obama's plans are clear so either I told you so or he's lying to us about his agenda.

Originally Posted by The Indomitable DrugS

Much like Tiger Woods and Lady Gaga ... Obama proved without a doubt in that Peace Prize speech that he's a complete phony trying hard to project a marketable image.

Originally Posted by Riot

Exactly. Let's not listen to the spin, let's see what's real:

So far Obama hasn't spent $200 billion he was entitled to (budgeted) to spend. He gave us a tax cut. He kept us out of a depression.

He says won't sign a health reform bill unless it's self-funded. He keeps railing against increased costs across the federal government.

We'll see what Congress does with the budget, and what Obama redlines or not out of it.

Obama campaigned on zero-based budgeting, let's hope he holds to it. So far he's doing fine.