Monday, August 18, 2008

I find the arguments of this political cycle pretty comical. I haven't seen much from either camp that proves to me that they know much about economics, which is pretty apparent from their advertisements and speeches. I also find comical the understanding of Americans and the actual power that the President has, which is apparent from regurgitated talking points over water coolers... If we were really concerned about things like gas prices, we need to be jumping over our congressional representation. It is a tragedy that the current speaker of the house has BY HERSELF held up the process by not allowing a vote by blocking the legislation from reaching the floor for a vote. And in the name of fairness, where is the media coverage of the continued protest staged by the Republicans? Two to three days at best... And as for the fairness doctrine, at what point does the left acknowledge their iron grip on magazine, newspaper and television vs radio? Because that seems fair. Plus 'Air America' couldn't even keep their sponsorships going and their ratings stank. It seems FAIR that we don't subject the listeners to that. And to make it fair, just like listening to the radio, if you don't like what you hear, you can change the channel. If we are going to push the fairness doctrine, let us apply it across ALL forms of media and truly give it a chance, let's not silence one side of the debate. Taxes. We need to realize that there is only one group that pays taxes in this beautiful republic: the people. Not Businesses, not government offices, etc. Think 'windfall profit taxes' are going to stick it to the companies? Hardly. It will result in higher prices. Go to the library and check out a book on economics and read it for yourself. See what they say. If we are going to turn the economy around, we need to level the tax playing field (and NOT by raising the taxes on the rich... I posted about that earlier). AND WE MUST DEMAND FINANCIAL RESPONSIBILITY AND CONTROLLED SPENDING IN WASHINGTON. Washington, it seems, has no limit to its spending. Let us rise up and demand some control. It worked on immigration. It can work here too. And if you live in Ohio, you have probably seen commercials about payday advance companies. The commercials state if you borrow $100 all you have to do is pay back $115 on payday. Truth. But the problem with these businesses are this: what happens if you can't pay it back on Friday? Check out the interest rates then. Some are upwards of 400%. THAT is the problem. And while you are thinking about this, where are the bulk of payday advance locations? In the 'good' neighborhoods? Think again. They tend to be in poor neighborhoods where financial hardship is more the rule vs. the exception like the commercials would like you to believe. Google them. Look at the locations. See where the bulk of them are located. And then tell me that the owners aren't taking advantage of the poor in order to make a profit. The law proposed is to put a cap on the amount of interest that can be charged in the 35% range (vs. 400%). Listen to the owners whine. But don't vote for it. This will end the rant for today...

1 comments:

Joel said...

I didn't follow your logic in your closing remark "don't vote for it".

Are you suggesting that we let the free market continue to work even in payday loans?