#110
On September 25th, 2008 at 1:37 pm, Mister P said

Ban predatory lending and cap interest rates on all types of debts

The U.S. should learn a little from continental Europe.

For example in Switzerland, by law, credit cards have interest rates ranging between 9.9% and 14.9% (MAX). Unlike here in the USA, you won’t be charged $25 to $35 late-fee if you are missing a monthly payment.

Also getting a new credit card is extremely difficult if you already have a balance on your other cards.

Swiss college students have zero chance of getting approval for a credit card, unless you have an income.

Swiss federal law on loans stipulates that and I translate to English:

« Approval of a credit is forbidden by law if it would lead the customer to excessive debt. »

[Original Text in French]: L’octroi d’un credit est interdit s’il entraine le surendettement du consommateur.

[Original Text in German]: Eine Kreditvergabe ist verboten, falls sie zur Ueberschuldung des Konsumenten fuehrt.

One reason there are so many people in debt is that credit card interest rates are way too high in USA.
I am glad that I don’t have any debt at all; and my dad is nice enough to pay all my college/university expenses and he doesn’t want me to pay him back.

#110
On September 25th, 2008 at 1:37 pm, Mister P said
9) End the war in Iraq, which is draining $700 million a day from public coffers

We shouldn’t have gone to Iraq in the first place. There were no WMDs or terrorists there. America destroyed Irak twice in less than 15 years, killing countless innocent civilians. Millions of Iraqis will be moving to USA because of that.

* to put the people responsible for this nightmare in charge of the solution.

* for there to be no accountability to the government, no resignations, no firings, no criminal indictments.

* that there is nothing in place to prevent this from happening again.

* to blame this on capitalism and them posture as defenders of the free market.

* to fail utterly to address the fundamental cause of this disaster — our groveling before race.

So, this will happen again. Real soon. And it will be bigger. Until the economy disappears down the black hole of socialism.

To top it off, come 2009 we will be replacing one economic incompetent with another. This is insane.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Why dont u cut each others throats by email?

Friendly suggestion from a friend.

Bear1909 out

But, I’m glad I came over to see our little blogger, still flaring her little nostrils, and offering no alternatives.

pure entertainment

Canada is not a socialist country and has never been one. Furthermore Canada does not have near the amount of problems with illegal immigration as the US does.

The US is still better off than Canada. Canada after all experienced a recession this year while the US still maintained growth.