Not to beat a dead horse, but …

In further follow-up to my post of yesterday (I already appended the original post yesterday) called, “Stories That Will Continue to Get Far Too Little Attention As Long As Obama Allows Them To.”: Reader coberly and I exchanged the following further comments in the Comments thread:


just to ease your heart, i agree that the overdraft fees are gouging.
and i even understand that some people can’t do arithmetic.

so i am all for the reforms.

nevertheless, it is better to know what you have in the bank before you write that check or whatever it is you do with ATM’s. And certainly better not to run too close to the edge.


Yes, Dale. It’s definitely better to do things that way. But, trying to get serious here, because it’s actually a serious matter, the ubiquitous use of debit/credit cards because they’ve effectively replaced cash and checks, and the fact that many millions of people do live on tight budgets, allowed the banks to be grossly abusive in their handling of small, very-short-term overdrafts.

My point is that the new law has been a big deal to a lot of people, some of whom tell pollsters, when asked, that they want “small government” and who vote Republican because of “freedom!” “liberty!” So maybe someone should tell them what the Republicans actually stand for. Freedom! Liberty! And what the Dems’ idea of “big government” actually is.

The intended point of my original post was that if Obama and the congressional Dems and want to leave a meaningful legacy on economics and finance-related matters–if they want to finally end the Repubs’ success at defeating or undermining that legacy–and if they want to regain control of the House in 2014 and tru ly put an end to the profoundly destructive three-decade “conservative-movement” juggernaut that in its current iteration continues to control the mainstream-media conversation and so much of actual policy despite their congressional legislative defeats in 2009 and 2010, and despite their significant popular-vote losses in the presidential, Senate, and House elections last November, the Dems have to engage in a concerted national effort to inform the public about what, in past news-media and political eras, the public would know from observation. 

Whew.  That was a long sentence.  I’m out of breath.

But I’m actually not beating a dead horse.  The horse isn’t dead.