Reality Redefined: Liberal Financial Advice

Credit Card Rules Will Change For Everybody-The Vocabulary Already Has

Congress has "fixed" the credit "gougers", but those of us who pay off our balance each month will be the ones who really pay, in the form of annual fees.

Michelle Singletary, a liberal collectivist disguised as a financial expert, gleefully explains it all in her WaPo article, scolding us greedy capitalists along the way.

She does what liberals do best: she hijacks the language to redefine reality.

In Singletary's ObamaNation, financially responsible people who use credit cards to pay bills and accumulate points while paying off the balance each month are being "subsidized" by the low-income who are "gouged" by the "credit pushers." How dare the greedy credit card companies demand interest from the poor who carry balances!

Thrifty people with good credit ratings "mooched" mortgage money from the bank, "cheating" deadbeats out of their "fair share".

Here's a big shovel-full from her "advice" column:

I know many of you feel entitled to use a credit card without any cost because you diligently and responsibly pay off the bill before the due date...

You probably never considered that the credit pushers made your access to "free" money possible by gouging the less fortunate with hideous penalty fees and wicked double-digit interest rates. Effectively, the most financially vulnerable consumers have subsidized the low interest rates and rewards programs that the more financially secure enjoy.

I know what some of you may be thinking: "Good for me; too bad for them. That's how capitalism works."

Right you are. That is how capitalism works. And at times it's a selfish system.

We live in a society where many people who do well can't sympathize with those who don't. We've created a culture in which people live by "I pulled myself up by my own bootstraps" or "I got mine; it's up to you to get yours."

The recent push in Congress to halt some of the industry's most egregious practices was aimed at helping less-fortunate consumers buried under credit card debt.

I admire her Orwellian use of the language, but to such liberals I ask a few simple questions:

If you were lending your own money out, would you lend equally to any and all, or would you rank the borrowers according to creditworthiness?

Would you really fork over one thousand dollars of your own money to a urine-stained stew bum who defecates in mailboxes and refuses to enter a homeless shelter because they make him leave his hooch at the door?

OK, more realistically, how about giving two thousand to your irresponsible neighbors who bought too much car and too much house and must constantly play musical bills because they refuse to downsize their lifestyle?

DemWorld: Up is Down, Down is Up

It's official: Responsible credit card user are now grouped with the "vultures" who kept the car companies afloat by purchasing their bonds and then asking to be paid back. Irresponsible credit card users now join the ranks of the virtuous, along with the unions that ran their companies broke with gold-plated bennies and outrageous labor costs.

And no, I don't sympathize with people who find themselves in trouble because they spent more than they can afford. Back in the day, making an irresponsible mess caused people to feel shame, which motivated them to avoid such behavior in the future.

And He shall wipe away all tears from their eyes; and there shall be no more death, neither sorrow, nor crying, neither shall there be any more pain: for the former things are passed away.

No, that's not about Obama. It's about God (Rev 21:4). Until Christ comes back, there will remain upon this earth crying, death, sorrow, and pain, regardless of what the liberals would have us believe.

* - Props to my buddy OD for alerting me to this liberal bs.

WaPo - Singletary
Biblos.com