Monday, November 16, 2009

obama: a love story

no wonder everyone's broke. can't imagine what it's like for people who lost retirement and/or have to pay for prescriptions.
here's a compilation of the effects of obama's policies to brighten your monday:

TARP Failures Keep Taxpayers on the Hook, 33 Companies Miss Payment

According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent dividend payments. Those payments are required by the terms of the bailout and signal that the firms are strained for cash, according to the Post.

If those companies fail, US taxpayers stand to lose billions.

via

Credit card changes hit consumers

In the past year, companies have raised fees, increased interest rates and lowered credit card limits. Even card holders with good credit have seen their interest rates rise to 29.9 percent.

The recent changes in the credit card industry — both those stemming from companies and the legislation — will hit the wallets of credit cardholders across the board.

via

Drug Makers Raise Prices in Face of Health Care Reform

Even as drug makers promise to support Washington’s health care overhaul by shaving $8 billion a year off the nation’s drug costs after the legislation takes effect, the industry has been raising its prices at the fastest rate in years.

In the last year, the industry has raised the wholesale prices of brand-name prescription drugs by about 9 percent, according to industry analysts. That will add more than $10 billion to the nation’s drug bill, which is on track to exceed $300 billion this year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992.

via

there you have it. now go out and make money, your government needs it.



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2 comments:

  1. My credit APR just hit 29.99%, and I have great credit. Absolutely ridiculous.

    ReplyDelete
  2. It's amazing what these companies are allowed to get away with. Even if you opt out, your credit will suffer.

    ReplyDelete