Wellstone Action!

...on a deceived foundation, you can certainly create a rocky aftermath. Some politicians are looking to wipe out the payday loan industry and sadly, some have succeeded in many areas. This action reflects the groundless idea or assumption that payday lenders fall under the same category as illegal loan sharks. This ongoing challenge to pass this legislature attempts to restrict or take away your ability to get a payday loan for unforeseen emergency cash needs. Please do not be misinformed and educate yourself, friends and family on the right of financial independence. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/

High profile politicians, including Barack Obama, are seeking to limit the American peoples’ access to on-demand, short term financial assistance. Some cities and towns are trying to impose restrictions on where these legitimate businesses can set up shop. Even worse, several states, including Georgia and North Carolina, have successfully imposed all-out bans on the industry, with several more attempting to follow suit. Citizens all across the nation are seeking to have their voices heard by fighting legislation that would obliterate the payday loans industry nationwide; Obama, and other misinformed political officials, are pushing for a complete ban in the name of personal political gain, regardless of the hundreds of thousands of potential lost jobs in an already turbulent economy.

The payday loan industry has been the key target for corrupt politicians, from all sides, seeking an increase in voter support at the expense of what’s best for the general public. Governors of several states including, Georgia, North Carolina, and Oregon completely drove payday loan businesses out of their states. The negative effects of driving out payday loan companies from these states, appears to have not been the best idea for its’ citizens. For instance, in Georgia, the bankruptcy filings, bounced checks and foreclosures all grew overwhelmingly after the cash advance option was taken away from them. In spite of this downbeat information, following the closure of payday loans in these states, several other governors continue to try and follow suit. Leading national politicians, such as presidential hopeful Barack Obama, are now making it their mission to eliminate the industry completely once and for all. Should such efforts be judged successful, the possibility is very real for increased unemployment rates, more debt, more foreclosures and an even more crippled economy. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/

Many politicians are no friend to the payday loans industry. In order to raise voter support they choose to ignore what is best for the citizens. Some states including, Georgia, North Carolina, and Oregon have completely driven out the payday loan companies. Politicians still choose to disregard the benefits of the industry even though statistics in these states show a spike in bankruptcy filings, bounced checks and foreclosures. Even though these negative statistics have come to light, several governors are still trying to follow suit. If the efforts to wipe the industry completely off the map prove successful, some possible repercussions might consist of increased unemployment rates, more debt, more foreclosures and an even more inapt economy. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/

Like many Americans who make up that growing class of “disillusioned” voters, I watched the latest “town hall”-style TV debate between Barack Obama and John McCain with my expectations held firmly in check. No matter how many direct questions you ask a politician, regardless of their party affiliation, the answers you receive will resemble generalized sound bites. The New York Times described it as “90 minutes of forced cordiality,” and I must agree. While the exchange was “mercifully free” of personal attacks (according to the Boston Globe), the result was that it was free of much of the tension that makes for compelling television. McCain continued to trumpet experience, his “stay the course” stance on Iraq (seriously, he could have been G.H. Bush’s understudy) and his oil drilling policies. Obama continued to criticize Republican policies that he claims have led America into its current recession. If all were based upon the candidates’ performance here, we’d have no idea exactly how either of them would work to avert pending economic catastrophe. A coherent economic proposal is what America needs. Obama’s stance on “predatory lending” – effectively sanctioning payday advance lenders – is not a coherent solution to the real economic problems we face. That’s just a juicy steak to feed the banking and credit union dogs. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/

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