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John McCain Has Bad Credit Card Rates

So there I was on opensecrets.org and looking at the financial disclosure form for presidential candidate Senator John S. McCain, III, and right there on page 27, there it was.

John and Cindy McCain have a joint credit card with Chase bank with a balance of between $10,000 to $15,000 and they are paying 25.99% on it. That hit me like a ton of bricks, why would the McCain’s be paying a penalty rate of 25.99% unless they had missed payments, had some recent credit problems or had a bad credit score?

According to the low rate credit card section of this site, Chase is currently offering a credit card at 10.49%.

On the same page of their financial disclosure form you can see that Cindy McCain has two American Express cards, each with balances between $100,000 to $250,000. Now that is a lot of unsecured credit card debt.

The financial disclosure form for presidential candidate Senator Barack H. Obama showed that he had no liabilities over $10,000 to report. And yet Senator Obama is the one pushing for a Credit Card Bill of Rights and more disclosures and protections for American consumers from unfair and unreasonable credit card company practices. If he is elected and has an opportunity to enact those protections it would help to protect John McCain from the penalty rate he is paying on his credit card.

It appears that Barack Obama has a very good grasp on the problems faced by people in America today that are carrying credit card debt. An article in the Chicago Sun-Times reveled a number of comments that Senator Obama made regarding credit card debt.

“For too long, credit card companies have been using unfair and deceptive practices to trick Americans into signing agreements they can’t afford,” Obama said. I agree.

Obama said he knew only too well how easy it was to get caught by deceptive credit card deals: “In the interest of full disclosure, I’ve gone through this. I’ve had credit cards.” Wouldn’t it be nice to have a President that actually lived through credit card debt and cares about all the consumers in financial pain?

Source: John McCain Has Bed Credit Card Rates

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • http://www.scribd.com/doc/7470439/Obamas-Use-of-Hidden-Hypnosis-Techniques-in-His-Speeches a

    Tell your friends, and show them the proof.

    Adolf Hitler was well-known to have used hypnosis on crowds to gain power in Germany. (Just Google it if you doubt it.) So why cant this happen in America? It is happening.

    Now, this document, An Examination of Obama’s Use of Hidden Hypnosis Techniques in His Speeches is really spreading. Many people, including young people, are starting to wake up.

    Young people have come up with a saying, “Don’t drink the kool-aid Obama is pushing on you.”

    Obama has no accomplishments, we don’t know him, he wrote a memoir, he has racist connections, he is using hypnosis, and he thinks he’s the Messiah and that he should be in control of the world. We’ve seen this story before in Germany in the 1930′s, haven’t we? We know what happened there.

    Obama’s use of hypnosis in speeches is why:
    -nothing sticks to him
    -the huge crowds
    -the huge money contributions
    -the mesmerized effect, especially in young people, who, because of their imaginations are more susceptible to hypnosis (read the document)
    -the exorbitant election fraud, rule-breaking and bias in the media
    -he gets away with changing every position
    -people are calling him the “greatest leader of a generation” with no accomplishments

    You have to read this document to understand how his hypnosis works. Logically and rationally, why not get to know this guy a little more before handing the world over to him? Why not wait?

    An Examination of Obama’s use of Hidden Hypnosis Techniques in His Speeches can be found at
    http://www.scribd.com/doc/7470439/Obamas-Use-of-Hidden-Hypnosis-Techniques-in-His-Speeches

    PS – “Dont drink Obama’s Kool-Aid”

  • http://www.thewriterscoin.com Writer’s Coin

    If this is true, that’s very frightening. What kind of financial irresponsibility is this? How would he defend this? Ouch.

    Writer’s Coins last blog post..Chicago Urbanathlon 2008

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