Obama Seeks More Chains For Credit Card Companies

Obama continues his fascist drive to completely dominate the financial services sector of the economy. Here he whines about people who apparently are so clueless they don't know that credit cards come with high interest rates, fees, and other contractual commitments that require one to be alert when applying. The lip service to self-responsibility displayed during the whining is paper thin, like the rest of his faux asides about common sense values. This package deal is exactly how Progressives provide cover for their evil. Is anyone fooled?

"You shouldn't have to fear that any new credit card is going to come with strings attached, nor should you need a magnifying glass and a reference book to read a credit card application. And the abuses in our credit card industry have only multiplied in the midst of this recession, when Americans can least afford to bear an extra burden,"

The Pretender is often accused of being a socialist. I think the label is inaccurate. Socialists are much more honest about their goals.