Forbes:
A budding fight intensified Thursday as Ohio Gov. Ted Strickland, a Democrat, joined Republican leaders in a campaign to protect one of the nation's most restrictive payday lending laws.
The law, which takes effect Sept. 1, limits borrowers to four short-term loans a year and caps annual interest rates at 28 percent. Lenders currently are able to charge what works out to an annual interest rate of 391 percent....
These payday lenders have adjusted in other states where restrictions have been instituted. They should stop whining or leave the state.
***Did you know that John McCain does not support a windfall profits tax for oil and gas companies?
I guess he wants his oil buddies to keep all the billions. Poor Exxon is only making $1500/second.
* Republican leader, John Boehner, is not hanging out with the silly Republicans on the floor of the House of Representatives. Boehner is working on his golf game. (LINK) We know about Boehner's priorities.
*** If elected, will John McCain push for privatization of Social Security? Here are some examples of McCain's statements on Social Security: (LINK)
2004: McCain Says Privatization Only Way to Go Forward. Responding to a question of whether "privatizing Social Security be a priority for you going forward?" McCain answered, "Without privatization, I don't see how you can possibly, over time, make sure that young Americans are able to receive Social Security benefits." [12]
2005: McCain Campaigned for Bush Social Security Plan. "McCain has been especially supportive of his onetime rival, appearing with Bush at three events over the past two days in trying to prod Democrats into negotiations to include private accounts in a plan to revamp Social Security." [13]
2008: McCain Said He Supports Privatization of Social Security "Along the Lines that President Bush Proposed." Earlier this year, McCain said " As part of Social Security reform, I believe that private savings accounts are a part of it -- along the lines that President Bush proposed." [14]
