Wednesday, June 30, 2004

prime tears

I just saw an ABC news segment on how the quarter-point raise in the prime rate is going to hurt American families. It was a fairly long segment with interviews of two couples: one was going to have to pay an extra $200 per year in interest because they were carrying a huge credit card debt. The other was going to have to buy an infinitesimally smaller home. I was almost weeping by the end of the segment.

You know, I can't recall ever seeing a news segment on how a quarter-point raise in the prime rate would hurt families before. Do these segments only air during campaign season and only when there's a Republican presidential incumbent running?

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