Is There A God?

By: Tom Morgan

Is there a God?

If you ever doubt there is a god, just watch what some of our politicians get up to. They have no such doubts. They know they are God.

Take your debit card, for instance. You use it to buy burgers and fries for the kids. The bank charges the restaurant 44 cents for processing your transaction.

Congressguys decided this was unfair. They slashed it to 24 cents. They decided, as God, that 24 cents was the fair price.

This will cost the big banks about $14 billion a year. So some of them now plan to charge customers for debit cards. Bank of America says $5 per month. Wells Fargo and JP Morgan Chase maybe $3. To make up some or all of what they will lose. Because guys in Congress played God again.

This is not the first time they decided to stick their noses between buyers and sellers – these congressional gods. They have set prices in many transactions. In their wisdom, they just know what is fair or unfair. In the wisdom of God.

The politician who has pie on his face over the debit card fees is Sen. Dick Durbin from Illinois. His amendment brought it all about. So when people complained about the fees the banks say they will charge, he felt some heat. After all, it was the Durbin Amendment that caused the fees.

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His response? He flashed a debit card on the floor of the Senate and told people to flee the big banks. Said the banks were gouging customers with these fees. Said the big banks were performing an outrage.

He knows such things – gouging and outrageous behavior – because he is God.

Some lowly creatures would say the market knows what is fair or unfair. If lowly creatures don’t like the price of something, they don’t buy it. If they feel the price is fair, they do buy it. In this case, if they feel the monthly fee is too high, they will stop using their debit cards. And if retailers feel 44 cents is too high, they will stop taking debit cards.

Ahh, but these are lowly creatures. Minions. Senator Durbin is God. He knows more than they do.

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