Wait, Obama runs the credit card companies? Are you returning to reality anytime soon?

If the govt didn't limit rate hikes, what, do you think they wouldn't have gone up?

And seriously, your OP is there for all to see. Let's get a timeline.

1. You spend money you don't have.

2. Obama limits future rate interest hikes to protect people who spend money they don't have, i.e., you.

3. Credit card companies get once last predatory swipe at you in under the wire.

But your (remember, a guy who "takes more responsibility for there (sic) actions" than anybody) response was to blame Obama? Out of the three actors in this little play, he deserves the least blame. The majority of it falls squarely on you. And derspite your self-aggradizing paeans to your own responsibility, you've yet to acknowledge that. Instead, you bizarrely posted your finances. What, are we supposed to be impressed? Are you one of those guys who announcees the bill when he picks up the check in a restaurant, so everybody can see what big dicks wallets they have?

This is a seriously sad little thread. And what's even sadder are that there are millions more like you in America, full of blind, incoherent rage for everyone and everything but themselves.

If it's really that sad of a thread then why did you respond to it?

Wait, Obama runs the credit card companies? Are you returning to reality anytime soon?

If the govt didn't limit rate hikes, what, do you think they wouldn't have gone up?

And seriously, your OP is there for all to see. Let's get a timeline.

1. You spend money you don't have.

2. Obama limits future rate interest hikes to protect people who spend money they don't have, i.e., you.

3. Credit card companies get once last predatory swipe at you in under the wire.

But your (remember, a guy who "takes more responsibility for there (sic) actions" than anybody) response was to blame Obama? Out of the three actors in this little play, he deserves the least blame. The majority of it falls squarely on you. And derspite your self-aggradizing paeans to your own responsibility, you've yet to acknowledge that. Instead, you bizarrely posted your finances. What, are we supposed to be impressed? Are you one of those guys who announcees the bill when he picks up the check in a restaurant, so everybody can see what big dicks wallets they have?

This is a seriously sad little thread. And what's even sadder are that there are millions more like you in America, full of blind, incoherent rage for everyone and everything but themselves.

So let me see if I get this straight. You come into this thread, call me irresponsible, to the point of forcing me to explain why a few thousand dollars is not a huge deal in my finance bracket, and then call me a dick for explaining it.

Go away little man.

Because in spite of my first post, I do feel sorry for this guy. He really is getting screwed over, but his biases won't let him identify the true sources of his troubles.

Credit card companies really are predatory. Their practices are as sleazy as you could imagine, rivaling 1920s Wall Street.

But then, this is common knowledge. If you take money from them, knowing full well that they can raise the interest anytime they like, you need to accept that you were the primary author of your own misfortune.

I'm glad we agree that current credit-card practices are predatory.

What you seemed to have missed is that Obama is acting to limit those practices. But, bizarrely, you're blaming him for them. Again:

1. The companies are predatory.

2. Obama acts to limit their abuses.

3. They abuse one last time before the limits begin.

How did you get to 4. This is all Obama' fault? Do you honestly believe that the were never going to raise the rates again, even though you concede that they are, in fact, sleazy just like that? We went from a possible future of endless raises to a present reality of just one.

1.  Credit card companies are predatory but do not use illegal business practices.  Many other businesses prey on the shortcomings of people (such as cigarette companies) to make money.  But also there is (obviously) a big market for credit cards, and the companies have to make a profit somehow, otherwise what would be the point?

2. Obama does act to limit their "abuses."  However his actions will have unintended consequences.  His noble intentions will actually make things worse.

3. When the rules change the credit card companies have to also change their policies to continue being profitable.  How can you blame a company for wanting to make as big of a profit as they can?

4. So yes, this is Obama's fault.  If he seriously didn't foresee this cause-and-effect situation then it's worrying for what other unintended consequences there will be in his future legislation.