December 15, 2008
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News: Government/Industry/Citizen Synergy.
Working with the newly-forming, well-qualified Obama team, they are healing badly neglected areas like lending regulations, healthcare regulations, job loss regulations, pay regulations and corruption control – all tied to the economy. Teamwork is replacing cartel mentality. Gone are the days when industry alone made all the rules for the citizens while the government turned a blind eye. The cartels in this nation have had their day and a new and powerful team has formed to build a solid foundation over the smoking ruins that once were our economy. One key step is shoring up the credit card industry. This is the grease the keeps the gears from freezing up. Credit cards keep liquidity flowing when there's no real money left. This was lacking in the 1929 crash when the gears did actually freeze up. Credit card liquidity has already allowed us to slide past an abrupt crash.
Now, the despicable lending cartel will be forced to lose unscrupulous lending practices, the healthcare cartel will be forced to aid our destitute uninsured, the unscrupulous despotic job market will be penalized for sending millions of our good paying jobs overseas and the unscrupulous greed and corruption community will be brought to bear for lucrative bribes that undermine national wellbeing. The yardstick of economic collapse has served as the final judge of the Bush years. A major key of our economic recovery is going to be providing a stable and functional credit card industry. New consumer protection credit card regulations are being finalized at this moment.
Brave new credit card regulations will soon be released on that industry which should provide the industry itself with greater security and, at the same time, provide much greater protections to consumers. This synergy should provide a well functioning and healthy industry that provides the liquidity to create consumer confidence and a smooth-flowing retail supplier industry. Together, this new system can rebuild America back to the world-leading position that it once was. Competitors are already at the door.