Credit Cards, Organized Labor, and the Stimulus Anniversary
New credit card regulations go into effect this week.
“Thelaw prevents low-income young adults – even those who can vote and be draftedinto the military – from getting a credit card without the cosigning of aparent or guardian. This purely age-based restriction on credit cardeligibility undermines the ability of college students and other young adultsto establish good credit and learn how to manage credit wisely.”
The Washington Post has a front-page story on the difficulty of finding safe alternatives to BPA-products.
“The sad reality is, we don’t even need an alternative. BPA has proven to be a valuable, safe product for about 60 years. The only risk here involves listening to the green hysteria.”
At the one-year mark of the first economic stimulus bill, the debate continues about whether government stimulus programs have created new jobs.
“Thestimulus doesn’t actually create jobs. It rearranges them. The best possible result is no net effect. Stories touting jobs saved or created by governmentare at best incomplete.”