While perhaps not noticing the subsequent price-shifting by banks and the
increases
by retailers to make up for the ObamaCard nonsense from 2011, you
need to be warned that the 2012 version promises to be decidedly more
prominent.
Barack
Obama wants your credit cards. Oh, it will be couched in the
now-predictable populist language of Occupy Wall Street vulgarians, but make no
mistake that fixing bank fees on credit cards isn't about sticking it to The Man
or helping you with more affordable bank services.
Any shortage in fees banks experience due to congressional price fixing
deals will only be extracted from consumers' wallets by other means, just like
last time. And the times before that.
So later this summer when you hear Obama stooge Dick Durbin talking about
trimming bankers' sails, please understand that it is you who will be up the
proverbial creek without a paddle.
Please encourage your representatives
to tell Durbin/Obama to stick to throwing little old ladies off cliffs to make the numbers "work" on his
healthcare nonsense and to stop diversifying his efforts by meddling with our
credit cards.
