It has been documented that rate cuts do not trickle down to the average consumer credit card. The credit card companies just get better margins so they are the ones that benefit.

Also, instead of trying to SOLVE the problem of printing money, excessive borrowing and spending in this country these fools in the Fed are just encouraging spending but at what cost?

The dollar is going to be worthless pretty soon but it’s okay because this rate cut is for the big wigs to rake in some more dough while the stupid asses that are the American public buys more stuff on credit and drives themselves to financial ruin. But then again the government may turn socialist like in countries like Belgium, take from those who work hard and give to the bums who spend recklessly!

This country is officially headed for the toilet! Our forefathers would be ashamed!