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Posts Tagged ‘responsibility’

Problems Solved, Day 3

Thursday, February 26th, 2009

Happy Days Are Here Again, Day 3. It’s almost enough to make one cry. It took Obama, what, six hours to fix the nation’s fiscal crisis? As a socialist economic writer observed in the 1930’s, “the problems of production are solved.” (Doubtless this is news to legions of manufacturing engineers, but they’re prisoners of their capitalist prejudices.)

So, now it’s on to redistribution of all this free stuff that’s just lying around–but not to worry. Student Council President Obama dispatched working groups of intellectual giants such as Olympia Snowe and John McCain, and they reported back. (This is the contemporary equivalent of San Juan Hill. Makes one feel proud to be an American.)

Biggest disappointment: David Walker, former comptroller general of the US, who is doing a bang-up job promoting deficit awareness. Mr. Walker apparently hails from the George Voinovich school of fiscal responsibility: when our Democrat friends (including the two-thirds of the Republican party who are Democrats) raise spending, the responsible thing to do is increase taxes on the rich. ‘There was “bipartisan agreement about the measures for Social Security reform,” including an increase in the retirement age and the wage-based tax cap, he said.’ Nevermind that those taxes aimed at the rich somehow never hit them but hit the rest of us right square. Walker did say the summit “exceeded my expectations,” which I suppose is like saying a carnival show with a talking dog wasn’t nearly as disappointing as it might have been.)

Meanwhile, anyone looking for actual ideas should pay attention to CPAC, which meets this week. Knock on wood, Buckeye will have a few updates for you. Go get ‘em, guys.
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Credit Card Cabal

Tuesday, August 5th, 2008

Steve Wartenberg of the Columbus Dispatch reports today on angry Ohioans demanding that the Federal Reserve change the ways credit card companies are allowed to operate. Here are just a few of our angry fellow citizens’ comments:

“It is unfair that the credit-card companies can arbitrarily raise your interest rate to above what has been normally considered unfair/excessive even if you have not missed a payment.”

Hilary Marhover of Worthington wrote about how her fixed rate was “increased for no reason to 20.99 percent” even though she never missed a payment. “This is an unfair practice and should never be allowed.”

“Just had a credit card jump my APR from 9.9 to 25.19 because I was two days late in sending pymt, that was in addition to $39 late charge.”

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