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My point was, we're not bailing out the consumers with these massive bailouts.

Yes, some consumers are deadbeats and charge stuff they have no intention or ability to pay for. But that is nothing new. Your taxpayer bailout $ is not going to them.

The credit card companies took a chance on the losers and got burned. But they are passing on the pain to us.

yes, i realize we are not issuing checks to consumers, or wiping away their debt (at least not yet).
i am aware it is nothing new, peeps have been defaulting on debt for as long as there have been lenders.
but when it is to the point we need to bailout the credit card company, then i say we have excess.
we can blame the credit card companies, but peeps make a choice to charge or not,to live beyond their means. some people fall on hard times and the honest make a effort to pay what they can, and work with the lender.
what we are seeing now is peeps who are not paying, period. they are making no effort. and now obamas people are talking stupid “obamas going to pay my mortgage, obamas going to make my car payment” ... do you think that mentality of peeps will do the right thing and pay, or opt to buy the newest gadget? how many more credit card companies will come forward needing a bail out?
my perception may be inaccurate, but at this time i see it as making it easier for people to default, people who abuse the system.
all this talk about no loans is the dems making a case to again loosen the small shift in credit approval, since companies have tightened up.
they are creating the same mess we are trying to get out of.
s’pose it is personal to me because one of these deadbeat, abusers of the system lives on the other side of the fence line. he thinks the whole system, which allowed him to rack up thousands in new credit prior to bankruptcy is sweeeet. guess who pays for him to keep his stuff, free of charge? we do. we pay higher interest rates, higher retail costs and now we may be paying billions in bail outs to the companies they defaulted on.