Saturday, April 25, 2009

Worse For the Rest Of Us

No one likes credit card companies. They're about as hated an institution as anyone or anything in the public eye.

So when Obama announced he was publicly going after the shady business practices of credit card companies, I wondered how FOX News was going to stand in opposition to the President.

Well, I just saw the meme forming: the suggestion that by cracking down on certain techniques, Obama will force the companies to respond by raising other rates. And those other rates will affect "responsible" consumers - not the deadbeats that Obama is protecting.

I'll watch to what degree this concept gets fleshed out, or whether FAUX decides to simply drop finding a way to attack Obama on this point, and just move on to the next one.

This falls under a general strategy to defend large companies by saying that if you fight them you'll just be mean to all of us.

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