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Thursday, September 01, 2022

Commentary: Woke Retailers Seek Congressional Smash-and-Grab on Your Credit Card

Woke retailers like Home Depot, Kroger, and Walmart are asking Congress to pass their own special smash and grab worth billions of dollars by mandating changes to how credit cards are processed. 

Joining forces with far-left Democratic Senate Majority Whip Dick Durbin of Illinois, retailers are seeking changes in federal law threatening rewards programs that many consumers use to take some of the sting off of the high cost of everything from food and gas to furniture and travel.
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10 comments:

  1. AnonymousSeptember 1, 2022 at 9:46 AM

    Republican/Democrat, just different sides of the same coin. TINVOWOOT! There is only one way out of this and I just don't see it happening. Demonrats may be mentally unstable as a group but they STICK TOGETHER. They have a 40 year head start as Republicans have tried to make nice. I truly believe we're screwed.

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    1. TRIBSeptember 1, 2022 at 2:23 PM

      Republican act like politicians should. Demorats act like if they don't vote the way Stalin says they know Siberia is their next stop or a firing squad. Like you see all those old Generals clapping and cheering as they watch Kim Jong-Un.

      Delete
  2. Univ of Saigon 68September 1, 2022 at 10:22 AM

    The article didn't quite get around to saying exactly what this bill does.

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    1. AnonymousSeptember 1, 2022 at 1:40 PM

      So it wasn't just my short attention span then. I saw words, hyperbole, vague reference to "rewards programs" and some attempt to tie it all in to the alarmist climate agenda. Specifics would help.

      Delete
    2. AnonymousSeptember 1, 2022 at 3:21 PM

      I noticed that too! I started counting paragraphs before they actually got to the point and egregious credit card processing change they were demanding...and found it never actually got around to it being so busy pointing out all the unrelated accusation he could come up with.

      Delete
  3. AnonymousSeptember 1, 2022 at 10:59 AM

    And if that's not bad enough, Walmart is upping their membership fees for Sam's Club.
    https://www.thefinancialtrends.com/2022/08/31/walmart-to-raise-membership-fees-for-sams-club/

    - WDS

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  4. dhmosquitoSeptember 1, 2022 at 11:45 AM

    I wish the article would have explicitly defined how the policies advocated adversely affect the consumer.

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  5. TRIBSeptember 1, 2022 at 2:24 PM

    Waiting for the IRS to tax CC rewards

    ReplyDelete
  6. AnonymousSeptember 1, 2022 at 3:41 PM

    Motherfucker, if you got something to say, say it. I don’t even know what the smash and grab is supposed to be. What a useless article. Eod1sg Ret

    ReplyDelete
  7. Jack CrabbSeptember 1, 2022 at 4:53 PM

    Dick Durbin may be the most aptly named pol ever. Although Adam Schitt and Eric Swallowswell are close.

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