Hello Again!

Less than a year to the next election, so it's time to become active on the politics blog again. My Facebook friends John Chase and Matt Wold (also Grade School - High School/College classmates) are so good at inspiring heated debate for their respective causes. John is a conservative and Matt is a . . . well, what is Matt? Definitely not a conservative, but not really a Democrat either. A bit to the left of Obama.

Anyway, I'm going to try to resist the temptation to chime in on the Facebook discussions and refer all political talk to the blog. Keep Facebook social and friendly.

Topic for today is the CARD act of 2009. This law was passed by Democrats in early 2009 to protect us from the predatory credit card companies. Sounds good, but there are always tradeoffs. And, as we shall see with Health Reform (ObamaCare), we do not find out the true costs of legislation for many years. The CARD act has done the following: 1) Caused my Gas Rewards Card to slash their incentives so that the rewards are minimal. 2) Disallowed the ability of non-working spouses to use their total household income when applying for credit cards. So, if you are a SAHM, you will have a difficult time establishing credit in your own name -- you will only be able to be an authorized user on your husband's account. Kind of seems like a step backwards doesn't it? http://mommyish.com/stuff/the-credit-card-act-of-2009-treats-stay-at-home-moms-as-second-class-citizens/