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« Hellmann's - It's Time for Real [infographic video] | Main | The American Dream/Nightmare »

Obama's Credit Card Statement

Here's another one I found while I was checking out gimmiethescoop.com. From Tyler Shears, this one visualizes the last six months of Federal Reserve debt as a credit card bill.

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Reader Comments (14)

That image surely makes a statement. A huge credit card bill that the nation as a whole has to pay! And the whole blue portion is for bailing out banks? That is not a good sign. Time for America to think about a more sensible <credit card debt help.

The Credit Card Reform Act of 2010 is one of the best things that President Obama has done for the consumers of this country so far to date. Problems with credit card debt plague a large percentage of Americans. This new act will make it much easier for consumers to avoid some of the major pitfalls of credit cards which cause debt to get so out of control. It’s important to know what the act means for you so that you can be a smarter credit card user once the act’s regulations go into effect. It’s also important to understand that now is a really great time to look into debt consolidation plans and debt settlement options so that you can start with a cleaner slate when the Credit Card Reform Act regulations take hold. You can view more details on http://www.creditcardrays.com
October 17, 2010 | Unregistered Commentercreditcardrays.com
The Credit Card Reform Act of 2010. It bans all unfair and consumer unfriendly practices used by companies. The company should have a policy of clear and simple disclosure. Companies are now required to give a minimum 45 day notice before making any changes in the terms of their credit agreement. They must also advise card holder that they may cancel their account. http://www.premierdebthelp.com
November 11, 2010 | Unregistered Commenterdebt help
i agreed with the second comment...it really helps alot to all the consumers..thanks for sharing this...
November 17, 2010 | Unregistered CommenterScoremore
Does anyone really think this reform will help the average consumer that has lost his job and really tries to work with the credit card companies avoid chapter 7 bankruptcy when they get told no at every turn. These reforms are only in place to keep you a slave to debt. Don't be the lamb led to the slaughter. visit http://www.bankruptcyonlinetoday.com to get true debt relief.
November 30, 2010 | Unregistered CommenterJohn trevor
Nice information about Credit card statement. Really like it to manage our statements. For Debt management related Query you can visit http://www.rychome.com.
December 23, 2010 | Unregistered CommenterMathew
I have been a credit user for several years. The thing I disagree with is putting a penalty on the consumers like myself who pay their credit card bills on time. That is so unfair. It's like treating us like those who are always late paying or don't pay at all. I will probably cancel my credit cards in a few weeks, because, I don't want to be penalized for paying my bills on time.
I'm always on the lookout for a great new rewards credit card, but it seems like Citi is the best one from this infographic: http://www.creditcardassist.com/blog/battle-of-the-rewards-credit-cards-infographic-10455/.
September 15, 2011 | Unregistered CommenterCreditCardAssist
Obama has taken a remarkable step by enforcing credit card reforms act 2010.It is a nice step to stop unfair practices used by credit card companies.
November 26, 2011 | Unregistered CommenterPayday Loans
I was searching through the internet and I've found this interesting as well http://usdebt.kleptocracy.us/
January 23, 2012 | Unregistered CommenterForex Payment Methods
I am surprised to see such Obama's credit card statements .It is really amazing.Whatever ,I am not worried on any aspect other than future and present of the nation.
February 8, 2012 | Unregistered Commentercompare payday loans
According to act of 2010 ,credit card reform act was the one of the best steps taken by OBAMA for the customers of UK. I would like to appreciate the information given in this blog.
March 15, 2012 | Unregistered CommenterAustralian Finance
Erasing credit card debt is not as hard as some people believe, but it’s also not a quick and easy process. As you might expect, it may take almost as long to erase credit card debt as it did to build up. Well with the increase percentage and numbering one in debts, government should definitely take some serious measures to overcome the situation as fast as possible.
February 13, 2013 | Unregistered CommenterKobe
That statement says a lot. It resembles a regular credit card statement in a lot of ways. There are things on it that matter, such as education and making improvements to infrastructure.

There are also things that don't need to be there. Although different parties have differing views on the issue, in my opinion, the environment should never have been created for the banks to even need bailouts. This resembles the interest that piles up on the money owed by individual consumers over time.
September 19, 2013 | Unregistered CommenterImprove Equifax score
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