Candidates, Bankruptcy and 30% or more interest on Credit Cards.

While not addressing the Republicans please understand they had a key role in the passage of these bills along with the zeal to try to pass Comprehensive Immigration reform. A bill 80% of us didn't want and many in both parties worked for, including some of these leading candidates. Have we forgotten?

Now interestingly they both think America needs jobs. I agree after all in my opinion they and others were the ones who gave them all away by their actions. It also seems NAFTA is now a mistake. How many more mistakes will we see from this group? Rhetorically, could SPP or what is referred to as The North American Union also be a possible mistake? We will know after they meet in New Orleans? Well who supports that one? Have you checked? Could it be any of these candidates? Yes, the same ones who think NAFTA is now bad?  Like I just said, regrets are great but tell that to those at the bottom of the ocean with the Titanic.

Now concerning that amendment that was to prohibit Credit Card companies and get this, from charging more then 30% interest.  A major lobbyist victory. Senator Clinton thought nothing wrong of limiting it to 30%. Does morality ever get into this and is 30% not immoral? Is usury even a word any longer? Hello my fellow average Americans of any race, are you paying 30% or more? Well you know who you can thank. Why not go out and vote for them?

In fact Candidate Edwards was taken back and asked Senator Obama why he voted against it, because he understood the reason being the limit was too high. Senator Obama said yes,. To which Mr. Edwards asked Mr. Obama, if there is no limit? Basically, Obama responded "it didn’t make sense to cap interest rates". Of Course Senator Clinton added, "So you voted for the Credit Card Companies." Anyone being charges 33, 34 or more? You know who you can thank. Have we heard, not even one word, about these rates being usurious or immoral? No not even a mention. Does it matter to anyone?  

In fairness one needs to read the entire transcript to get the right context. Yet, the law is now the law and they can talk and regret all they want to. However, what I am speaking to is leadership. What was done and not done and what is fact not profession or rhetoric. I am talking who can make change and lead. Does this sound like leadership when they laud they have been for years? Rhetorically, can we dare ask, leading for who? In my opinion it didn't seem like anyone led here?

Now just an opinion but it was stated as fact in the beginning of one debate that there are about 5% of 300 million Americans late with credit card payments. Lets assume that their rates shot upwards to 30% or more. That equals 15, million people in credit trouble, especially cards. Not a small number. If we estimate an average increase in interest on a monthly bill of about $50.00 that would equate to about $750 million dollars. if we rolled the rate back to the original rate they opened the card with that would be a savings to people right off the bat and immediately.  That act would place immediately back into their hands money to pay bills, help keep many out of Bankruptcy and still pay the lender at the rate they initally received the card at and the lender is still making money and at no cost to the government then passing legislation

So  here is the challange. If any of them are the leaders they claim and the one to bring change. Let Governor's Huckabee and Romney, because Governors know how to, Senator McCain, Senator Obama and Clinton and all the rest who are and were running and who are in office and who profess or professed they can, go back to Washington, take a week or two and join together to get this done, just like Comprehensive Immigration. What will that do?

1- prove they can work together when they must.

2- prove they can lead or one of them can.

3- Give us a real choice verses no choice.

In my opinion and as they say on the corner "never happen’!