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44, Day 94: What's in Obama's Wallet?
An ongoing log of the daily activities of the 44th president of the United States during his first 100 days:
-- President Obama, meeting today with senior executives from 13 companies that issue credit cards, called for easy-to-understand contracts that would consumers understand the real terms of their cards.
"The days of any time, any reason rate hikes and late fee traps have to end," Obama said. The credit card industry has been largely opposed to new congressional efforts to reform what they do. The executives said they'd try to work with the administration--not exactly the rousing "we'll solve this problem" lots of Americans in debt want to hear.
-- Obama went to Capitol Hill to mark Holocaust Remembrance Day. "Today, and every day, we have an opportunity, as well as an obligation, to confront these scourges -- to fight the impulse to turn the channel when we see images that disturb us, or wrap ourselves in the false comfort that others' sufferings are not our own," he said. "Instead, we have the opportunity to make a habit of empathy; to recognize ourselves in each other; to commit ourselves to resisting injustice and intolerance and indifference in whatever forms they may take."
-- Let it be known: Barack Obama would like to see a playoff schedule put in place to determine the national college football champion. "I don't want to stir up controversy," Obama said as he welcome the Florida Gators to the White House. "You guys are the national champions -- I'm not backing off the fact we need a playoff system. But I have every confidence that you guys could have beat anybody else. And so we'll see how that plays itself out."
Sources: The White House, the Washington Post, and the Boston Globe.
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