The President takes on the Credit Card Companies.
"People Have A Right To "Not Get Ripped Off"From the White House:
This week the President recaps a busy week, from strides on fiscal discipline, to financial stability, to cracking down on tax havens and tax breaks for shifting jobs overseas. For his next big step, he calls for a credit card reform bill: "Americans know that they have a responsibility to live within their means and pay what they owe. But they also have a right to not get ripped off by the sudden rate hikes, unfair penalties, and hidden fees that have become all-too common in our credit card industry."
Watch Your Weekly Address to hear what he plans to do about it.
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And I missed a few Weekly Presidential Youtube-Radio Addresses, so here they are:
In this Weekly Address, the President discusses the government's response to the 2009 H1N1 flu virus, urging that there is no need to panic but explaining that the federal government and American people nonetheless should take the necessary precautions.
This week the President reiterates a theme that has been a hallmark of his career, namely that "old habits and stale thinking" will simply not help us solve the new and immense problems our country faces. Listing off several specific changes he intends to bring, he describes his guiding principle: "To help build a new foundation for the 21st century, we need to reform our government so that it is more efficient, more transparent, and more creative."
With the process of going through the budget line by line in full swing, the President uses his Weekly Address to give some examples, big and small, of how the Administration is working to cut costs and eliminate waste. The President also announces two new key appointments, Jeffrey Zients as Chief Performance Officer and Aneesh Chopra as Chief Technology Officer, who will be invaluable in streamlining the way government functions through efficiency and innovation.