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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (152091)1/27/2013 2:21:10 PM
From: tonto  Respond to of 224704
 
That is not how it works...I doubt she will even read it...

Sen. Patty Murray / AP

BY: Washington Free Beacon Staff
January 24, 2013 5:05 pm

After weeks of careful deliberation, Roll Call reports that incoming Senate Budget Committee Chairwoman Patty Murray (D., Wash.) has directed committee staff to craft a budget this year:



To: Kenneth E. Phillipps who wrote (152091)1/27/2013 2:41:01 PM
From: longnshort2 Recommendations  Read Replies (2) | Respond to of 224704
 
Murray is considered the stupidest person in the senate, just above Boxer. She couldn't right nor read a budget if her life depended on it



To: Kenneth E. Phillipps who wrote (152091)1/27/2013 3:13:59 PM
From: TideGlider1 Recommendation  Respond to of 224704
 
Why even post such nonsense when even you know it isn't true.



To: Kenneth E. Phillipps who wrote (152091)1/27/2013 3:33:04 PM
From: TideGlider  Read Replies (1) | Respond to of 224704
 
Ken do you realize it was global warming that drowned the Garden of Eden? Too many burnt offerings going on there!



To: Kenneth E. Phillipps who wrote (152091)1/27/2013 3:33:59 PM
From: lorne1 Recommendation  Respond to of 224704
 
philips..."The Senate will pass a budget written by Sen. Patty Murray."....

Will it be in accordance with commie law or shria law..or maybe a bit of both?

Washington state commies love murray..



To: Kenneth E. Phillipps who wrote (152091)1/27/2013 5:59:01 PM
From: longnshort1 Recommendation  Respond to of 224704
 
Starting today retailers can charge you an additional 4% credit card "checkout fee"Get ready to pay 4% more for your purchases if you use a credit card in New Jersey and 39 other states. Starting today retailers are permitted to add a "checkout fee" to your bill, to cover the merchant fees banks charge them on credit card transactions.

And who do we get to blame for this? Why the Dodd-Frank financial regulation reform law, of course. It's one of the many "consumer friendly" provisions instituted by Senator Elizabeth "Fauxcahontas" Warren's Consumer Financial Protection Board in response to a class-action lawsuit recently settled by Visa and MasterCard.

Visa, MasterCard and the nation's biggest banks have agreed to pay $7.3 billion to millions of merchants to end a seven-year dispute over credit card "swipe" fees. The settlement includes at least $6.05 billion in payments to some 7 million merchants for past damages and a temporary reduction in fees valued at $1.2 billion.

The settlement agreement also would give merchants new rights to impose a surcharge on credit transactions, subject to a cap and other limitations. The rules governing such surcharges likely would be implemented in early 2013. Merchants also would be allowed to band together to try to negotiate better rates on the so-called interchange fees.

Here's the best part:

"Over time, the reforms induced by this case and in this settlement should help reduce card-acceptance costs to merchants, which in turn will result in lower prices for all consumers," said K. Craig Wildfang, a partner at Robins, Kaplan, Miller & Ciresi, and co-lead counsel for the plaintiffs.

Plaintiffs attorney Martin Lueck, chairman of the executive board of Robins, Kaplan, said the allowed "surcharge" is actually a pro-consumer provision of the settlement.

"Really it's a discount that the merchants are now allowed to offer for the less expensive form of payments," he said.

Only a lawyer could spin a surcharge as a "discount." And only our "looking out for the little guy" betters in Washington, D.C. could enact a pro-consumer law that ends up costing us money.

It will be interesting to see how this new surcharge plays out.

Smaller stores are typically charged higher merchant fees, so it stands to reason they'll be the ones levying the new checkout fee. Yet a major lament, especially around Caldwell and other small towns, is that people don't "shop local." Jacking up prices by 4% probably won't encourage folks to stop driving to the mall.

Or, everyone large and small will charge 4% more to credit card users. That seems more likely to me. All it'll take is one airline or hotel chain to start doing it and the rest will follow suit. It's not like you can easily pay cash for that kind of stuff anyway. So you're stuck.

Want a little good news? There are 10 states which outlaw credit card surcharges — California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas. As for everybody else, it's time to relearn the old adage: Cash is King.



To: Kenneth E. Phillipps who wrote (152091)1/28/2013 11:13:33 AM
From: lorne3 Recommendations  Respond to of 224704
 



To: Kenneth E. Phillipps who wrote (152091)1/28/2013 11:14:28 AM
From: lorne1 Recommendation  Read Replies (1) | Respond to of 224704