One of the earliest priorities of the Obama administration and Congress was to put in place new rules governing credit card companies, all with the aim of protecting consumers from overzealous banks.
The government certainly got the rules instituted. But we are left wondering where the protection went.
The lights of Gerald Prim Stadium will flicker tonight as 6,000-plus Wildcat fanatics celebrate the opening of the 2010 Texas high school football season. The excitement. The passion. The hits and the cheers.
It is a glorious time of the year.
President Obama asked business leaders last week exactly what it was about his policies that has them so concerned. If he bothers to read their answers, he just may find a way to get the struggling economy going forward again.
As recently as 2005, the cost of a first-class stamp was 37 cents. On July 6 of this year, the U.S. Postal Service proposed yet another rate hike, taking the first-class stamp to 46 cents. This rate hike would follow similar jumps in 2006, 2007, 2008 and 2009.
Is it now time to privatize the postal service?
The Gulf oil spill is a horrible tragedy. It may take years to even begin to figure out the total damage to the Gulf's eco-system, not to mention the financial toll residents throughout the Gulf are having to endure because of the spill.
As is standard practice, when something catastrophic happens, we turn to the U.S. government for help and guidance. First, we must always remember that the federal government is not always an "all-powerful" entity that can wave a wand and fix a problem. Second, those fixes aren't always the right ones.
Copyright 2011, Echo Publishing Company, Sulphur Springs, Texas.
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