• February 13, 2012
NEW SOCIALISMS

by Jim Newell

2:52 pm May 20, 2009

  • CREDIT CARD BILL AWAITS NOBAMA: “The House today gave final approval to a bill that would prohibit credit card companies from arbritarily raising interest rates on existing balances and charging certain fees. With a 367-61 vote, the House ensured that President Obama will be able to sign the bill into law by Memorial Day, as he requested.” What is wrong with Congress, making such quick work of an overwhelmingly popular bill? [Washington Post]

{ 30 comments }

shortsshortsshorts May 20, 2009 at 2:55 pm

Government shouldn’t be working this well. The people won’t stand for it. rEVOLution!!!1one!!

Also, suck it Credit Card people. Also.

x111e7thst May 20, 2009 at 2:56 pm

Will aborted fetuses still be able to get a Hello Kitty credit card?

tunamelt May 20, 2009 at 2:58 pm

Goddamn hippies.

tunamelt May 20, 2009 at 2:59 pm

[re=321340]shortsshortsshorts[/re]: I know. I’m from California and the concept of a working government confuses me.

Edywin May 20, 2009 at 2:59 pm

Whohoo! All those Happy Endings I charged at the massage parlor will be safe at 7% now!

Mr Blifil May 20, 2009 at 3:01 pm

If I can’t have my interest rates raised arbitrarily, what is the point of living?

Cape Clod May 20, 2009 at 3:01 pm

I bet Capitol One will take back my Spagetti Jimmy credit card now. Because they are resentful bitches.

The Cold Sea May 20, 2009 at 3:02 pm

Wha? Joe Barton didn’t attempt to add 430 amendments? ZOMFG!

slithytoves May 20, 2009 at 3:05 pm

Here’s a message to the brainless wonders of the banking industry: if you don’t raise interest rates to 29% (I can get better rates from Lenny down at the pool hall), then it’s much more likely people will at least try to pay their bills instead of walking away from their debt. So, fuck you, you fucktards.

SayItWithWookies May 20, 2009 at 3:06 pm

Your next tea party sponsored by MasterCard.

PerhapsSo May 20, 2009 at 3:08 pm

It is not so overwhelmingly popular in the comments section of this CNN article: http://moneyfeatures.blogs.money.cnn.com/2009/05/19/what-credit-card-legislation-means-for-you/

Lots of “sheeple” and “BUY GOLD!”

magic titty May 20, 2009 at 3:08 pm

[re=321357]The Cold Sea[/re]: dammit.

So did they shoot him yet?

JMP May 20, 2009 at 3:09 pm

Come on now, congresscritters; you’re supposed to be protecting the credit card companies against the consumers, like with the bankruptcy ‘reform’ bill a few years ago; not the other way around!

Scarab May 20, 2009 at 3:10 pm

I’ve pre-approved the President signing this.

bitchincamaro May 20, 2009 at 3:11 pm

Treasury Secretary Timothy F. Geithner on Tuesday said the bill “will help create a more fair, transparent and simple consumer credit market.”

Great. Now I know we’re fucked.

freakishlystrong May 20, 2009 at 3:11 pm

Of course, the Rethugs have managed to fuck even good bill up…

ProfessorJukes May 20, 2009 at 3:15 pm

Of course they took out the part about actually capping interest rates.
But really, this is an incredibly dull story. It even makes Chris Dodd look good. Yawn.

Can we get Biden into the mix somehow? Could use a dose of Joe. Or Bachmann.

El Pinche May 20, 2009 at 3:15 pm

SNFFFF SNFFF, I LOVE THE SMELL OF SOCIALISM IN THE MORNING..SMELLS LIKE KENYAN JERKY CHICKEN ROASTED FROM THE FLAMES OF A FALSE BIRTH CERTIFICATE….HOLY SHIT, I LEARNED HOW TO SPELL. I’M CURRED!

TGY May 20, 2009 at 3:17 pm

[re=321379]ProfessorJukes[/re]: Yes, they removed all the teeth. Essentially, the government gummed the credit card industry on the ass.

recharged95 May 20, 2009 at 3:17 pm

“What is wrong with Congress, making such quick work of an overwhelmingly popular bill?”

Is that they will likely not read (nor understand) it.

Case cloooosed and hot dogs for everyone (it’s Memorial Day!)

digibal235 May 20, 2009 at 3:23 pm

Great… now I get to get butt-fucked by Bank of America until this thing kicks in.

El Pinche May 20, 2009 at 3:25 pm

[re=321390]digibal235[/re]: Hahahaha, that’s right! Rates will suddenly be at 40%+

Capitol Hillbilly May 20, 2009 at 3:28 pm

we can haz firearms in national parks for memorial day!!!

4tehlulz May 20, 2009 at 3:29 pm

This bill will ensure that I can buy a gun at a reasonable interest rate and bust a cap in Charles Krauthammer’s ass in a national park, like, say, here.

It’s the perfect bill.

queeraselvis v 2.0 May 20, 2009 at 3:38 pm

Goody. I can finally substitute a giant bag of dicks for the usual bag of cash I fork over to Yingling and his credit cronies every. damn. month.

Rush May 20, 2009 at 4:13 pm

Yesterday was better fuel mileage and today its prudent credit card legislation. Praise Allah.

TGY May 20, 2009 at 4:16 pm

[re=321390]digibal235[/re]: LET THE VIOLATION COMMENCE!

lawrenceofthedesert May 20, 2009 at 4:30 pm

It’s time to send every Congressperson a copy of the Talking Heads’ “Stop Making Sense.”

loquaciousmusic May 20, 2009 at 4:41 pm

[re=321342]x111e7thst[/re]: I’ve been reading Wonkette for three years now, and that’s the funniest comment I’ve seen yet. Nicely done.

AhojChris May 21, 2009 at 4:44 am

http://www.cartoonistgroup.com/properties/grimmy/art_images/MGG1060929.jpg

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