Thursday, April 23, 2009

Summers dozes off during speech

Is President Obama tiring on people? The polls suggest that people still support him and his political agenda, but maybe his words do not hold the same credence as they once did. That is probably not the case, but nonetheless it is quite funny to me seeing a person take a brief nap during such an important meeting. I would think meeting with the President would energize a person despite the lack of sleep or tiredness that one has entering the White House. The issue at hand regarding the credit card reform is something that I see as an intriguing position for Democrats. Finding a solution that benefits both businesses and citizens is going to be difficult because credit card companies are not going to want to give away their power to charge fees and the like. However, considering that many people use credit cards and do not pay in full when they receive their statement, the public would rather see the reform take place and put some regulation on what credit card companies actually can do. With Obama's stance on the issue, it is likely that we as consumers will stand to benefit from the additional standards that will be placed on credit card companies.

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