When we consider how many successful businesses have been able to open their doors thanks to the plentiful existence of credit, not to mention how many are reliant on consumers in possession of credit cards, Obama's alleged compassion will ultimately carry an economically hurtful price tag.
As evidenced by the clamoring among small businesses for more credit, it becomes apparent that the Fed has played a certain role in making what might be plentiful if market forces were allowed to prevail, dear.
Visa's IPO will give it access to money to plough into Asia and Latin America, regions that have not taken to credit cards as enthusiastically as Americans or the British but where business is growing and opportunities for expansion are plentiful.