I feel blessed the past few days because I finally put a face on what the credit card industry, the banking industry, Bernanke, the FDIC, and Barack Obama are doing incorrectly in their battle to turnaround the economy.
ALL of these entities are relying on punitive based actions (punishing the consumer) to reduce consumer debt, when it is fairly obvious that incentive based actions would work much faster and much more effectively.
I don't mean to come off like a braggart, but I have already designed several incentive based credit card paydown programs that would instantly have a positive effect on our economy.
My values have always centered around "people can make a difference" and to not use numbers to hurt people when we could use a different numbers paradigm to actually help people instead.
I would be more than happy to share my incentive based credit card debt paydown programs. All the credit card industry has to do is hire me.
The powers that be have chosen to punish those who already have credit card debt and who don't meet new, very strict credit card standards. The problem with this approach is it was done without ever first attempting incentive based credit card debt paydown programs that probably would work much better, faster, and more effectively at stabilizing our present economy.
Lets try and structure the credit card industry discussion into these two talking points, punitive vs incentive based credit card debt paydown programs. If you happen to get the media's ear, tell them.
Tell the media you don't think this is the time to punish people with credit card debt when incentive based credit card debt paydown programs would provide more stimulus than the stimulus package and bailout bill is providing.
Have a blessed day.
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