During the Bush administration, credit card companies and other lenders were allowed to jack interest rates on their customers, without warning or just cause. Why? Because the white house let them. These creditors were also given cart blanche for creative fee schedules too. Have you noticed that late fees have doubled in the last eight years, as have the over the limit fees charged by credit card companies. Citi Residential actually charges customers as much as $20.00 to make their paperless payments online, or over the telephone. Have you also noticed that interest rates on credit cards, if a single payment is missed, or late, can go as high as 31%?
Are these corporate giants being held accountable for their mismanagement? Nope!
Is it any wonder that American families are broke?
So why has the government allowed this to happen? I'll tell you why...
According to Kevin Trudeau, in his book, '
Debt Cures They Don't Want You to Know About,' These credit companies and banks bought the white house, starting in 2000.
"Credit card banks were top contributors to President Bush's 2000 election campaign. MBNA ranked #1, the largest donor; Citi Group, #10 and Bank of America, #13. MBNA president personally gave $100,000 to the Bush fund. MBNA dropped to #6 for the 2004 Bush campaign, but gave more money - more than $350,000."
Kevin goes on to state that credit card companies spend $5 billion annually to market credit cards to us consumers. They wouldn't spend that much if they weren't making money hand over fist, now would they.
What banks have recently been bailed out by presidential signature? Hmmmm, let's see... Bank of America, and Citi Corp. are the fist two that come to mind. Now you know why Bush was so hot for congress to pass the bail out bill. He owed his supporters in the corporate world, and paid them back BIG TIME.
Now these banks get big bucks in the bail out, yet they're continuing to screw the American tax payer with obscene fees and interest rates. That is your tax dollars at work. They get your tax dollars and are still permitted to put the screws to you in order to get their million dollar paychecks.
Can you say reverse kickbacks? President Bush and all of his cronies should be jailed and stripped of their administrative pay and benefits to pay back the American people for the money they've given to Corporate America. And let's not forget the war profiteering that's been going on within this administration. Clearly this administration has been all about the Almighty Dollar - taking it from you and me and stuffing it into their own greedy pockets.
What really makes me sick is the fact that Bush, Cheney and others will continue, until they die, to draw their administrative salaries and receive secret service protection, at our expense.
This is not government for the people... It is government for Corporate America - the cry babies who may not get their multi-million dollar Christmas bonuses. I say, stimulate the economy by giving money to those who spend it - THE CONSUMER! Not to those who consume the hard working people of this country.
So there you have it... How to buy a president; a government.
Copyright © 2008
The Trii-Zine Ezine
http://www.ezines1.com/triizine
About the Author:
Trina L.C. Sonnenberg
Publisher - The Trii-Zine Ezine - Your Trusted Source for Internet Business and Marketing Information. EST 2001. ISSN# 1555-2276
Author of:
My Journey A Lifetime of Verse, ISBN: 978-0-61516405-2
Co-Owner: Internet Marketing Mavens
http://internetmarketing-mavens.com
Keywords: profiteering, government bail outs, tax dollars, corporate America, credit industry, banks, interest rates