An Upside to the Down Economy

There is a bright spot to the shaky economy: the weakening of credit card companies. I consider these companies to be one of the lowest life forms ever, preying on the gullible and then never letting go, sinking users in astronomical interest rates and late payment fees. Their strength is waning. How do I know? By the contents of my mailbox, which used to be stuffed with credit card offers. I can't simply throw these things in the trash. They must be shredded or burned, to prevent thieves mining garbage from getting critical information and opening up credit card accounts in my name. Blessedly, the avalanche of offers has slowed to a trickle.

Credit cards—and the consumers who find them too easy to use—are one of the weaknesses of our society. I am glad that they are suffering. I hope that consumers, however, will find an easier time of things soon.