John McCain's Website Asks for Help Creating Economic Plan

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Like most Americans that constitute the ever-growing class of “disillusioned” voters, I watched the recent “town hall-style” debate between Barack Obama and John McCain. As expected, my perspective of politics and its participants remained the same: no matter how many direct questions you ask a politician, regardless of party affiliation, the answers you receive are nothing more than generalized sound bites. The New York Times described the debate as “ninety minutes of forced cordiality,” and I certainly agree. The Boston Globe reported that although the discussion was “mercifully free” of personal attacks, the discussion was also free of much of the tension that generates compelling television. McCain reiterated the value of his experience, his “stay the course” stance on Iraq, and his oil drilling policies. Obama condemned the Republican policies that he believes have led the American economy into its current recession. Based on the debate performances, we really have no concept of how either candidate would work to avoid a pending economic catastrophe. A realistic, well-thought out economic plan is what America needs. Obama’s stance on “predatory lending” – effectively sanctioning payday advance lenders – is not a legitimate solution to the real economic problems we face.
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If you are mistaken on the facts of a subject it can create a rocky aftermath, particularly in an instance when you take a course of action based on those misinformed facts. The pros and cons of payday loans, and what the future holds for the industry often can fall victim to this. Some politicians from both parties are attempting to pass legislation that would restrict or take away your ability to get a payday loan. Unfortunately, some of these politicians have succeeded in passing their legislation. Some politicians have even gone as far as outlawing the industry all together. Many of these laws are based on the assumption that payday lenders are run under the same ethics as illegal loan sharks. Please don’t be misinformed on the facts, and educate yourself, family, and friends on the right to financial independence.

The payday loan industry is in danger because there are politicians who wish to wipe out the entire industry. But that is not what is best for the people. For instance, in Georgia, the bankruptcy filings, bounced checks and foreclosures all skyrocketed after the cash advance product was done away with. With no disregard for these negative statistics, following the closure of payday loans in these states, several other governors continue to try and follow suit. Top national politicians are now stepping out in hopes of wiping the industry completely off the map. Should such politicians succeed, there is a big possibility that there will be increased unemployment rates, more debt, more foreclosures and an even more damaged economy.

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Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
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