Unfortunately, the government under the Obama administration, is attempting to control or influence matters not relagated to the Federal government
As I've sadi before and apparently, I'm (unfortunately) correct, the bail outs were a bad idea!
They didn't work, were not long term, have failed to really save any jobs and the General may still end up bankrupt before it's over. Worse yet, we (the taxpayer) now owns a POS compnay that can't support itself
They just said today that they will likely miss thier scheduled payment to the government....go figure!
The government is now controlling in part or parcel:
The banks
The Car Companies
The Insurance agencies
and now, he's trying to get his hooks in The Credit Card companies.
Although I agree with his premise on them, who the hell does he think he is to "mandate" or "demand" (even if it's formed as a "request"), that they do anything with thier rates, changes, or collections practices?
As I said, he's right but he's going about it all wrong!
With all his end running around the US by doing 3rd world politics, he's looking more and more like a damned "king" than a president!
Even though I didn't support or vote for him, I said I'd give him the benefit of the doubt and see what he could do?
I have and I'm not impressed
So in case he forgot, it's
WE !!! THE PEOPLE.......any questions?