The Obamaness, however, is about to screw things up again by pandering to what his constituents really want -- Plastic with unlimited credit; a Visa whose repayment terms are, "When ever you get around to it, ol' Buddy." They really think it's possible.
A little history lesson is useful here. Perhaps 30 or 40 years ago a small Midwest state was enduring one of those periodical plagues of high populism. So the moonbat governor and his leftie legislature wrote an excruciatingly detailed law about what credit card issuers could and could not do in the state. Within months consumer credit all but dried up, and if you wanted a Diner's Club card you had to move to Illinois or Minnesota or some such hellhole.
The law was quickly (and all but unanimously) repealed, and once again rubes could make their own decisions about how to use credit.
I don't suppose, though, that His Hopefulness will pay much attention to things like that. After all, he's giving us a New Beginning.
(There are ways for Joe Sixpack to beat the credit card bastards at their own game, and the results are better than anything Barney Frank could dream up to enstatuate. )