Nobama Raised My Credit Card Interest Rate

Have you read the notice that came last month from your credit card company? If your company is like mine, your rates are doubling, up to almost 25%. Why? Its because responsible people who actually pay their bills have to bail out those who don't pay theirs. Thanks to Nobama's credit card legislation that he signed awhile back to bail out deadbeats and enable the irresponsible who can't live within their means, the credit card companies got screwed in terms of being unable to collect like they did in the past. In true liberal fashion, they fail to see that the screw-ness will be passed along to the responsible customers as higher interest rates. This ultimately screws the responsible customers, and rewards the "ghetto mentality" of irresonsibility. Maybe next month, when people get their bill and see how their interest rate jumped, this will make the news.