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marmar (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 01:47 PM Original message |
Credit-Card Law May Reduce U.S. Consumers' Purchasing Power by $90 Billion |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 01:49 PM Response to Original message |
1. good.... |
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targetpractice (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:12 PM Response to Reply #1 |
10. Agreed... |
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DBoon (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:27 PM Response to Reply #10 |
11. easy credit has also been a substitute for social benefits |
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targetpractice (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:33 PM Response to Reply #11 |
13. Yup... |
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Deja Q (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:51 PM Response to Reply #11 |
19. ***THANK YOU*** |
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Deja Q (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:50 PM Response to Reply #1 |
18. The minimum wage also had more buying power 40 years ago too. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 06:11 PM Response to Reply #18 |
41. exactly. people didn't start taking out more credit for no reason; they |
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TheWatcher (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 03:09 AM Response to Reply #1 |
59. Could Not Agree More. |
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stray cat (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 01:51 PM Response to Original message |
2. Many things in life are not as straight forward absolutely good or bad |
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Toucano (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:05 PM Response to Reply #2 |
7. What component of the law penalizes people who pay off their cards each month? |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:49 PM Response to Reply #7 |
17. They're going to start charging annual fees |
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Toucano (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 03:24 PM Response to Reply #17 |
23. I see. |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 04:14 PM Response to Reply #23 |
25. I think what will happen is |
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Toucano (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 04:42 PM Response to Reply #25 |
26. One point I disagree with is "they have to make up the difference somewhere¨ |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 04:56 PM Response to Reply #26 |
28. I should have used the sarcasm smiley. |
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Toucano (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 06:33 AM Response to Reply #28 |
60. Understood |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 06:44 AM Response to Reply #25 |
61. If they have the capacity to squeeze the "deadbeat" customers |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 09:49 AM Response to Reply #61 |
71. Well they're not doing it already, so obviously |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 06:21 PM Response to Reply #71 |
76. You're jumping to conclusions. |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 07:45 PM Response to Reply #76 |
78. You need to do a little more research. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 01:51 PM Response to Original message |
3. You mean purchasing power that creates DEBT |
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bridgit (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 01:52 PM Response to Original message |
4. good |
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dgibby (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:01 PM Response to Original message |
5. What a crock! |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:34 PM Response to Reply #5 |
14. But, but.... |
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MercutioATC (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:04 PM Response to Original message |
6. So somebody who defaulted on his debts is worried that he may not be viewed as creditworthy? |
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Toucano (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:09 PM Response to Original message |
8. If the economy depends on people buying things and not paying for those things |
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PSPS (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:10 PM Response to Original message |
9. So what's "bad" about this? |
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depakid (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:30 PM Response to Original message |
12. The propaganda just doesn't stop, does it? |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:35 PM Response to Original message |
15. Well maybe it will help consumers think before they buy |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:48 PM Response to Original message |
16. nice to see all the cheerleaders for the new middle-class austerity policy. |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 02:52 PM Response to Reply #16 |
20. Right |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 03:36 PM Response to Reply #20 |
24. why is money "tight"? because austerity is on the ruling class agenda. |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 04:49 PM Response to Reply #24 |
27. Living in debt is not really living |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:03 PM Response to Reply #27 |
29. living in debt is apparently fine for the ruling class, who can make the proles pay it off. |
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Deja Q (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:21 PM Response to Reply #29 |
34. I'd love to read any answer that person would be nice enough to provide. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 07:14 PM Response to Reply #34 |
43. they don't have answers. they're the same idiots cheering the takedown |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 10:55 PM Response to Reply #43 |
46. Hmmm... |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 11:10 PM Response to Reply #46 |
49. the folks here are cheering for removing access to credit & fee hikes. |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:19 AM Response to Reply #49 |
57. Purchasing power |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 02:59 AM Response to Reply #57 |
58. why do you insist that access to credit = "getting into debt over one's head"? |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:42 AM Response to Reply #29 |
70. The ruling class is about to learn a painful lesson bcause of the death of the credit cash cow. |
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Deja Q (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:20 PM Response to Reply #27 |
33. True. But many of us who work our butss off and study hard can't get jobs. |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 10:53 PM Response to Reply #33 |
45. Sorry for the delay. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 11:15 PM Response to Reply #45 |
50. is there some virtue in overworking, scrimping, when there's plenty of productive |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:02 AM Response to Reply #50 |
52. Sacrifice has served me well |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:11 AM Response to Reply #52 |
55. so not the point. but for some folks, the view 1 foot in front of their own face is all there is. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 05:06 PM Response to Reply #55 |
74. Way to be patronizing... |
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Missy Vixen (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 11:50 PM Response to Reply #27 |
51. How about a running car? |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:10 AM Response to Reply #51 |
54. Medical bills. |
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Missy Vixen (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 04:45 PM Response to Reply #54 |
72. You're starting off with a bang, aren't you? |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 07:10 PM Response to Reply #72 |
77. I'm crying so hard |
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Quantess (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:05 AM Response to Reply #27 |
53. I agree with everything you have written in this thread. |
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mamaleah (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 12:12 AM Response to Reply #53 |
56. Thank you |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:34 AM Response to Reply #24 |
68. Stganating wages only helped them as long as credit was flowing freely. |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:45 PM Response to Reply #24 |
80. Money is only tight compared to the last few years |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 03:17 PM Response to Reply #16 |
22. the middle class has been sustained by rising debt... |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:06 PM Response to Reply #22 |
30. "not undeserved"? good to know whose side dems are on. all for the masters, |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 07:51 PM Response to Reply #30 |
44. oh for pete's sake.... |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 11:06 PM Response to Reply #44 |
47. given the choice of having the credit option or not having it, i prefer having the option. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 05:13 PM Response to Reply #47 |
75. removing it from half the population? |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:30 AM Response to Reply #16 |
67. Not buying big-ass TVs via credit card is "austerity"? |
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MasonJar (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 03:06 PM Response to Original message |
21. Good, maybe we can concentrate on something besides spending |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:13 PM Response to Original message |
31. The only sustainable recovery will be a production led recovery. |
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johnaries (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:13 PM Response to Original message |
32. WRONG! It's basic business fundamentals. |
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Egalitariat (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:23 PM Response to Reply #32 |
79. You're talking about profit; not revenue. And you can increase the profit margin per unit |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 05:38 PM Response to Original message |
35. So because he's afraid, give the banks anything they want? |
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malletgirl02 (938 posts) Send PM | Profile | Ignore | Sun May-24-09 05:44 PM Response to Reply #35 |
36. I agree |
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Swede Atlanta (906 posts) Send PM | Profile | Ignore | Sun May-24-09 06:05 PM Response to Original message |
37. It's about ti.me |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 06:09 PM Response to Original message |
38. Well, Ben Bernanke has only been warning about this for...? How many months now? |
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sniffa (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 06:10 PM Response to Original message |
39. Won't affect my purchasing power |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 06:10 PM Response to Original message |
40. When I posted that this would happen, I got lectured and instructed that I was mistaken |
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prolesunited (1000+ posts) Send PM | Profile | Ignore | Sun May-24-09 06:42 PM Response to Original message |
42. I am not going to take the CC execs and advisers word for it |
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tj2001 (685 posts) Send PM | Profile | Ignore | Sun May-24-09 11:09 PM Response to Original message |
48. "Wall Street Regulation May Cripple Economy" - 2000 headline |
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ColbertWatcher (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 06:44 AM Response to Original message |
62. While the CEO's salaries remain UNTOUCHED. Fuckers ... |
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surrealAmerican (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 07:00 AM Response to Original message |
63. What a scam. |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 07:32 AM Response to Original message |
64. Caplin is exagerrating the effect this will have on the economy. |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 07:49 AM Response to Original message |
65. With availability of Visa/MC debit cards |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:27 AM Response to Original message |
66. A good thing IMO. Time to ween ourselves off the financial crack that is debt. |
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sendero (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 08:40 AM Response to Original message |
69. More bullshit propaganda.. |
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regnaD kciN (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 04:52 PM Response to Original message |
73. BULLETIN: The banks have ALREADY cut credit lines since last year's crash... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Mon May-25-09 09:14 PM Response to Original message |
81. I'm already massively cutting my credit card usage. |
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