Changes

After signing the ''Credit Card Accountability, Responsibility, and Disclosure Act'' in Spring of 2009, President [[Barack Obama]] stated,

After signing the ''Credit Card Accountability, Responsibility, and Disclosure Act'' in Spring of 2009, President [[Barack Obama]] stated,

:''''With this new law, consumers will have the strong and reliable protections they deserve.  We will continue to press for reform that is built on transparency, accountability, and mutual responsibility – values fundamental to the new foundation we seek to build for our economy."'' [http://www.whitehouse.gov/the_press_office/Fact-Sheet-Reforms-to-Protect-American-Credit-Card-Holders/]

:''''With this new law, consumers will have the strong and reliable protections they deserve.  We will continue to press for reform that is built on transparency, accountability, and mutual responsibility – values fundamental to the new foundation we seek to build for our economy."''<ref>http://www.whitehouse.gov/the_press_office/Fact-Sheet-Reforms-to-Protect-American-Credit-Card-Holders/</ref>

Since then credit card interest rates have soared to a nine-year high with the average interest rate jumping to 14.7%, up from 13.1% before the law was passed.  This occurred when all other interest rates have been fallen to historic lows. [http://cc.bingj.com/cache.aspx?q=http%3a%2f%2fwww.creditcards.com%2fcredit-card-news%2fcredit-card-rates-chart-1276.php&d=4706378043624044&mkt=en-US&setlang=en-US&w=ff11364,3d68ce3f] The increase created a dramatic spread of 11.45 percentage points between the average credit card interest rate and the prime rate -- the largest margin in 22 years. [http://money.cnn.com/2010/08/23/news/economy/credit_cards_synovate/index.htm]

Since then credit card interest rates have soared to a nine-year high with the average interest rate jumping to 14.7%, up from 13.1% before the law was passed.  This occurred when all other interest rates have been fallen to historic lows.<ref>http://cc.bingj.com/cache.aspx?q=http%3a%2f%2fwww.creditcards.com%2fcredit-card-news%2fcredit-card-rates-chart-1276.php&d=4706378043624044&mkt=en-US&setlang=en-US&w=ff11364,3d68ce3f</ref> The increase created a dramatic spread of 11.45 percentage points between the average credit card interest rate and the prime rate -- the largest margin in 22 years.<ref>http://money.cnn.com/2010/08/23/news/economy/credit_cards_synovate/index.htm</ref>

President Obama has been a major recipient of campaign contributions from large [[Wall Street]] Banks, many of which received [[TARP]] [[bailout]] funds which then Senator Obama voted for.

President Obama has been a major recipient of campaign contributions from large [[Wall Street]] Banks, many of which received [[TARP]] [[bailout]] funds which then Senator Obama voted for.

[[File:Crime Scene.jpg|175px|right|thumb|'''Loss of [[Hope]] of ever finding a job leads many disillusioned youth turning to [[drugs]] and [[crime]].''']]

[[File:Crime Scene.jpg|175px|right|thumb|'''Loss of [[Hope]] of ever finding a job leads many disillusioned youth turning to [[drugs]] and [[crime]].''']]

==Youth Unemployment hit record high in Obama's first two years==

==Youth Unemployment hit record high in Obama's first two years==