[StBernard] Consumer Reports gets involved: Don't pay twice

[Westley Annis]

I think this is great that the Consumer Reports are getting involved to stop Obama's bogus Economic Stimulus Package.  It makes me proud to be a member.
 
Read what is said here about how we will "pay twice" for this.
 
John Scurich
 

	-------------- Forwarded Message: -------------- 
	From: Consumer Reports Advocacy <Jim_Guest at email.consumerreports.org> 
	Subject: Don't pay twice 
	Date: Tue, 03 Feb 2009 17:12:05 +0000 
	
	
 Consumer Reports®: A Publication of Consumers Union

Dear John, 

After getting hundreds of billions from taxpayers, banks want to reach into your pocket again. 

They are jacking up interest rates on your credit cards and reducing credit limits (which can negatively affect your credit score), so they can collect more money from you as their other investments tank. 

You can do something about it! 

Over the past decade, credit card banks offered us trillions more in credit than we actually wanted. Sending dozens of offers a year by mail, hawking cards to youthful college students without regard to their ability to pay, and setting minimum payments so that it takes decades to pay off a balance, they tethered millions of people to credit card debt. 

Today, with jobless rates rising and markets in turmoil, millions of American families are trying to shed that debt. Federal agencies have already agreed that we need to curb these credit card practices, but postponed implementing sensible new rules until July 2010. We need those rules and more right now. 

Congress is considering quick action—show your support! <http://email.consumerreports.org/r/c/r?2.1.3JT.2Vw.15LqDe.CIiJdm..N.Dqao.1Ru0.az1FSDkxWTQ2Jmg9MTAzNTQ1MDAwMDQ5OTUwNzAxMDM1NDUwMDAwNDk5NTA3MDEyBbfCKCJ0>  

These banks are already getting billions in government bailouts with little or no accountability. Don't pay with your tax dollars and again when you pay your next credit card bill. Support common sense credit card reform today. 

Sincerely, 
Jim Guest 
Consumers Union of the U.S. 
Nonprofit publisher of Consumer Reports 
101 Truman Ave. 
Yonkers, NY 10703 

P.S. Don't forget to forward this message to your friends and family and ask them to join you. They can send a quick and easy message to their own lawmakers to help us pass credit card reform right now! 

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