Friday, September 30, 2011

Nearly Everyone Agrees: The Economy Stinks

Like a week-old dead fish on a hot August day, the economy pretty much stinks.  Or so say 90 percent of Americans.  (CNN Poll)

And to add insult to the olfactory injury, the folks on Wall Street are back to the same old business, maximizing profits above all other considerations.  Well, at least part of America is mad as hell and isn't going to take it anymore. Protesters have spent the past couple of weeks standing in a park near Wall Street to protest the speculation and greed that have helped push America to the economic brink. ( Wall Street Protesters: Middle Class Issues )

This is why I love America. Because people can speak out and demand change. 

And change is needed. Bank of America just announced that they are going to institute a $5.00 a month charge to use a debit card.  They are going to charge people for the right to spend and access the money that they deposited with Bank of America. 

Sen. Dick Durbin (D) of Illinois responded bluntly to Bank of America's announcement "After years of raking in excess profits off an unfair and anti-competitive interchange system, Bank of America is trying to find new ways to pad their profits by sticking it to its customers," Durbin said Thursday. "It's overt, unfair and I hope their customers have the final say."  (Christian Science Monitor - B of A Debit Fees)

Bank of America took bail out money when they were "too big to fail", don't they owe the taxpayers who saved them something more than another kick in the wallet?


Martini said...

Nice to see you posting again! It's true. Citizens can demand change. But likely only those without jobs. Who else has time to sit around protesting? It's too bad, because I bet if more people could afford to leave their job for a bit, the protesting crowds would be double in size!

The T-Dude said...

Thanks's been a long, hard road recently, but I'm trying to be better about about blogging again.