My question to President Obama for the "Open for Questions" website.

President Obama opened up the White House website to questions from everyday citizens. Here is mine in video form.

Credit Card companies need to be reeled in if we are going to protect consumers during these hard economic times. Please go and vote for my question. To do so follow these steps:

1) Go to http://www.whitehouse.gov/openforquestions/
2) Sign up:
3) Then search for "changing rates on existing balances"

Mine should be the only question that comes up. If it isn't, then I am "Daniel Z" from New Orleans.

Category:

News & Politics

Tags:

• President
• Obama
• Open
• for
• Questions
• Credit
• Card
• Debt

[mjpitche]

After 15 years of the same 7.9% fixed rate, my rate went up to 11.99% thus costing me an additional $50.00/month in interest. I call it my Obama tax. I didn't vote for him and I guess I was right.

[lj4adotcomdan]

Why do you believe the increase in your rates is because of Obama.

[mjpitche]

@lj4adotcomdan Because he signed the credit card law that stopped global default and caused companies to raise their rates for everyone, even people with good credit and who pay on time. I spoke to a few cc companies and they said that was the reason.

[Shit0nYourNation]

gr8 question? This question should get oscar?