Personal Responsibilty

So I was looking over the White House Website and reviewing some of the latest legislation and I see an act that President Obama signed, called the CARD act that will help us poor, defenseless consumers who are "hard-working people who took real hits, and a litany of ways credit card companies can find to take advantage." Poor, poor, ignorant Americans.

So once again, the government is going to step up, President Obama will don his cape, with Nancy Pelosi at his side, and swoop in and save the day! Where is the personal responsibility? This goes back to my problem with the term "preditory lending". Once again, I was taught to read what I signed. It's the same with a credit card. When I signed up for a credit card, I knew what it was. I knew I would be charged interest, I knew I would be charged penalties if I didn't pay it on time, and I knew that I risked my interest rate going up if I was not responsible with my credit card. I take personal responsibility to educate myself on what I am getting myself into and learn the penalties if I don't play by their rules.

But if you listen to President Obama, I am just a poor, ignorant American who was easy prey for those evil credit card companies. They tricked me into signing up for their credit card with promises of a free toaster or t-shirt. They didn't tell me that I would be charged interest. (Oh and aren't they evil for doing that?). People, people, people. Credit Card companies are no different than any other industry...they are there to make a buck just like everyone else. They aren't some back-alley loan shark...they are a business like any other.

Once again, socialism is rearing its ugly head and we are being told that we are too ignorant to live our own lives and make our own decisions and big government is the answer...they are here to save the day. I say that we go back to the constitution of the United States of America, and go back to taking personal responsibility for the decisions, (however bad they may be), that we make.