Arianna Huffington's new nickname for Barack Obama, The BankCentric Kid, and She's Right, for a Change, ahem.

For the past several weeks, I have had an uneasy feeling about all of those "meetings" Barack Obama has had with Wall Street Bankers and the financial "stall warts" that really don't relate to US.

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I've never quite felt comfortable with Barack Obama's ability to connect with the everyday person during last year's election because Obama also relied on the corporate elite banker to win the white house. These two groups couldn't be more polar opposite and don't relate to each other.

I do believe Barack Obama deserves a year before he is judged. However, I keep seeing the same type of pattern emerging that makes me wonder if it is going to be pointless to wait a year before judging.

Passing a heavy handed bailout package that has no support at all from the other major political party is what I call a forfeit victory. The other side didn't have enough players to compete effectively, so the game is called without being played and is called a forfeit victory.

WHO CELEBRATES A FORFEIT VICTORY?

In sports, the winning side must be very careful if they choose to celebrate a forfeit victory. In some baseball competitions, a team can get a forfeit victory by being ahead by either 10 or 15 runs. The winner is wise to not openly gloat about their "mercy rule" victory in front of the losing team and instead may wait until later, just as Barack Obama did after the bailout bill passed and celebrated at the white house. However...

If the other side did not have enough players to compete at the start of the game, this too can be called a forfeit victory. I can pretty much guarantee that NOBODY celebrates a forfeit win when the other side can't even field enough players at the start of the game.

When it came to the passage of the bailout bills, one could call that a forfeit victory as well as the Republicans could not even field enough congress people to prevent a "mercy rule" victory.

Barack Obama celebrated his bailout bill mercy rule victories at a white house party replete with 100 dollar a pound wagyu steaks imported from Japan. Welcome to Barack Obama's world, where celebrating a slam dunk victory when the other side could not even field enough players, is a way of life. Not much different than when Barack Obama had his opponents disqualified for technical reasons in past political races. The patterns seem to remain the same and point to someone who thinks he is growing even as he performs the same old tricks he always has.

While Media Matters disputed the 150-170 million dollar estimated expenditures for Barack Obama's Inauguration, was it really necessary to spend that much money while people were actually freezing to death in their homes across the country? What if Barack Obama had budgeted 150 million for the Inauguration, then practiced his budget cutting skills and cut his own inauguration budget to 75 million, and then used some of the saved money to pay the heating bills of people who instead froze to death?

Wouldn't that have sent a clear and loud message that Barack Obama was really going to "change" things? Wouldn't he have instantly mobilized and even won over some of his critics if he could have kept his inauguration budget to one dollar lower than the last inauguration?

Now Arianna Huffington, who IS HILLARY CLINTON'S BIGGEST NEMESIS on the planet, is calling Barack Obama and his administration a bankcentric driven team, and she doesn't like it one bit. Neither does George Soros. Barack Obama's team of rivals seems to be in the habit of looking for the next forfeit in which they can unanimously declare a victory and then celebrate with 100 dollar wagyu steaks. It appears they don't even buy their victory steaks from a US company. Wow.

The latest evidence of Barack Obama's next forfeit victory was his recent statement that little cracks of light are shining through the economic gloom as Wall Street indicators begin to brighten...even as the credit card companies are wreaking havoc on millions of customers who have stellar credit and payment histories!

When the credit card companies begin to steal frequent flyer miles from their most loyal and trustworthy customers, and when the credit card companies begin to increase monthly minimum payments by 150% on their customers who practice smart borrowing habits, can one really state that the economic gloomy clouds are lifting?

Perhaps the better question is, for whom are the gloomy economic clouds lifitng? Certainly not for the almost 2 million Chase bank customers who suddenly have to come up with as much as 500 dollars a month for a credit card bill they have never been late paying in the past or they will lose their super-low interest rate loan.

It seems to me if you believe in the everyday person Mr. President, and feel their pain, (ahem), you would want to harness those people's expectations and enthusiasm and guide them into creating their own success. Instead, I get the sense that the everyday person is really there to feed Barack Obama's world, and not the other way around.

Did you know that you You may be a Toxic Asset and not even know it! The reality that any american who accepted a low interest "until the loan was paid off" credit card offer from Chase Bank and other banks may now been labeled a toxic asset! These customers with low interest loan rates are being isolated for eradication by the credit card companies and is ANOTHER example of a Barack Obama team of rivals forfeit victory. The destruction of these smart consumers now know as toxic assets will generate more profit for the credit card companies as their credit rating gets slashed, thereby ensuring they pay higher interest rates on their debts, which creates more value on Wall Street. Is this the way banks are to operate so Barack Obama can then state that the economic clouds are lifting?

The amount of trustworthy credit card customers who were offered life of the loan, low interest credit card rates is relatively small, perhaps just a couple of million of customers who still have these great rates intact. Yet the bankers can't wait to destroy these customer's credit rating by raising their monthly minimum payment from 2% to 5%, a 150% increase above and beyond what they are already paying, with no opt out clause for the consumer!

If Barack Obama believes that labeling credit card customers with stellar payment histories "toxic assets" as one key to fixing the economy, then that is not the type of economy that needs fixing.

To Arianna Huffington, just what was in it for you to elect the "BankCentric Kid" in the first place since you now condemn his BankCentric approach?

Are you a Toxic Asset? Chase and Citibank may have you Pegged as a Toxic Asset, Especially if you Pay your Bills on Time!

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Do you make all of your credit card payments on time? Do you scour the credit card companies for their best offers? Do you reject the credit card companies 6 month low interest rate offers that then skyrocket to much higher interest rates and instead hold out for the longer, LIFE OF THE LOAN, LOW INTEREST RATE credit card offers?

When you were offered LIFE OF THE LOAN, LOW INTEREST RATE CREDIT CARD OFFERS specifically because you have been a good customer who always paid your bills on time, did you ever think the banking industry would one day call your loan, and you, a toxic asset? 

Well let me be the first to tell you, YOU ARE A TOXIC ASSET IF YOU HAVE ALWAYS PAID YOUR BILLS ON TIME, AND YOU MUST BE CONVERTED TO SOILED GREEN.Soiled Green is the act of banks trying to SOIL your credit rating by increasing your monthly minimum payment 250%. When you can't afford this 250% increase (600 dollars a month for some customers) the banks then report your Toxicness to the credit bureaus and then charge you obscenely higher interest rates on the very same debt you previously had been paying down for years, on time.

In the movie Soylent Green, we discover the food source at the end of the movie is other humans. In this instance, we discover that the banks appear bent on destroying good credit scores of their most reliable customers so they can add fees and dramatically increase interest rates on them. Then these new found profits will be fed to those with poorer credit, resulting in even more loans at ridiculously high interest rates.

Once the formerly good credit rating is soiled, the customers OTHER CREDIT CARD LOANS will most likely get hit with much higher interest rates as well. Only then will Wall Street Be Happy because it means these robber baron banks have created more profit. At which point, the person with the formerly excellent credit history becomes a frightened worker bee whose only mission is to try and pay bills, nothing else matters nor do they care to get involved or protest basically illegal credit card actions out of fear they will fall further behind with their bills.

If americans do want to peacefully fight back against the credit card companies, please check out www.Daily-Protest.com. Not only will you be saving your fellow american, the one hour a day protest is turning out to be wonderful exercise!

When Chase and Citibank get through with you and you default on your long term low interest rate balance transfer loan because Chase and Citibank have increased the monthly minimum payment by 250%, Chase and Citibank can then file liens on your home, all the while charging you 1,000 percent more in interest on that same low interest, life of the loan credit card offer that you used to pay on time, and pay down, every month before the change in terms happened.

Chase and Citibank will now call you a toxic asset. In truth, you are actually a "Converted Toxic Asset". You were converted from being a solid, always paying on time customer, to a toxic asset, courtesy of Chase and Citibank and other banks that will soon follow their lead.A portion of the population was called "bitter" last year, now this year, additional americans are being converted to toxic assets by the banks who lent then money then changed the terms without giving these customers an opt out option.

For those of you who don't have these credit card loans and think this doesn't affect you, chances are a small business owner near has seen their business revenue decline because customers are now overpaying Chase and Citibank. Chances are a family friend or neighbor has been affected, and has internalized their problem rather than gone public.

Divide and conquer is a tried and true method and that is exactly what JP Morgan Chase Bank and Citibank are doing. Maybe you are not Bitter, nor a Toxic Asset, nor had your frequent flyer miles stolen and resold for better loan terms between American Airlines and Citibank, nor had a change in terms that you were not allowed to opt out, but most certainly some people who use your products or services have been affected, and that WILL affect your bottom line.

(edit note, Citibank seems to be waiting to pounce with their own change in terms plan, they may be waiting to see how much public outrage there is over what Chase Bank has already done before doing it themselves. I had been told by a Citibank worker that they were doing what Chase Bank was doing when I first wrote this article, but so far Citibank has shown far more integrity than Chase Bank by not following Chase Bank's path.)