2) If you go into a store today & borrow $100, in 2 weeks you will payback $115- so that’s 15%, not 300%!
Let’s take a rental car at 29.99 and annualize that cost, even though it’s intended to be a SHORT TERM RENTAL… it’s the same thing as annualizing a PD loan.

3) 99% of Americans need to borrow $$ at some point in their lives- student loans, auto loans, mortgage, credit cards, etc. Why should getting a short term loan be anyone else’s business? It’s a CHEAPER option than paying bounced check or late fees. Or certainly better than doing without gas, electricity, water or food until the next paycheck.

Folks, this is a business, just like any bank, store, airline, gas station, etc. We provide a service. If you choose not to use it– so be it- your choice. If you decide it’s the best option for you- so be it- your choice. If you decide to repreatedly use payday loans as a means to survive or supplement your income- so be it- your choice.

If I decide to go to a neighborhood drive thru to pick up beer/wine instead of my local grocery store even though I know I will pay a bit more, it’s my right since I find it more convenient and easier.

ITS MY $ & it’s MY CHOICE!

Forget if you have used a PD loan or not– FOCUS on the fact that other consenting adults do and are capable of making their own decisions, based on their individiual situations. Who are we to say no, you can’t use that credit card? Or no you can’t use that bank?

Forget everything else — FOCUS on the fact that eliminating payday loans DOES NOT eliminate the need for short term financial options. I bet 99.9% of the OGA doesn’t have to worry about the day to day necessities the rest of are dealing with. They have insurance, pensions, well paying jobs.

Forget about the Pday loan argument — FOCUS on the controlling and spending of our household money by the state. Considering our current economic situation… I vote for less intrusion!! PLEASE let me manage my own darn $$ since the gov’t has shown they are not responsible, accountable or budget conscious. Ohio>> 60M in debt!!

Forget about the Pday loan side– FOCUS on what else the government is going to decide in the future (under the guise of “paternalism” that we aren’t capable of handling as adults. Restricting how much can be spent on food? alcohol? cigarettes? housing? gambling? clothes?

FOCUS on the fact that the OGA is intruding on our personal financial decisions… where does it stop?? Why do they think they know better what will work for us than we do? We live it every day!!!

The Issue of 5 is waaaay bigger than PD Loans >> its about Financial Freedom of Choice, which I consider to be a BASIC FUNDAMENTAL RIGHT!

***NO on ISSUE 5!****

Dennis Kucinich (gotta say it again) has an excellent health care package plan. Know why Obama, Clinton, McCain et al were not and are not on board with Rep K’s plan?? Because it cuts out the middle men – the insurance companies, and the savings there would pay for the plan. A liberal Dem friend sent me an article from a Dem/leaning magazine last year, and I saved that article because it had a brief run down of all the candidates’ plans. It jumps off the page – the big 3, B, H & J were planning on giving BIG TIME gifts to the insurance industry. Kucinich has a simple direct plan. And NEVER again will ANYBODY on capitol hill be able to say “we can’t afford that”. Because, in light of bailing out every failing company and bank in the nation, apparently we CAN afford simple health care for our citizens.

Summary: Don’t let the elites keep setting the talkiong-point agenda, so that we everyday citizens keep this myth going about how we can’t afford health care for our citizens. Of course we can. We could have afforded to give all the wall street free money directly to our citizens. The economy is failing big time because Americans are broke and out of work and no longer able to fund the rest of the world’s greed, and because congress are for the most part (excepting people like Marcy, Ron Paul, Dennis & a few others) are self-interested, greedy, blackmailable idiots.

He also leads off with a disclaimer about “those who are only voting for Obama because of his blackness” but, is certain to villify republicans and conservatives (who are stereotyped all the time as being exclusively white) which is repeated often when he describes “the enemy” to his black audience.

He may think he knows and understands Republicans but, he’s a moron if he thinks he has a clue about conservatives. He begins well but in the end he’s just allowed himself to be another tool of the culture of dependence who capitulates their tallents and earnings to a government who will only allow them to be what the government feels they should be…beneath the government!

“If healthcare was free… employers wouldn’t have to cover the cost of insurance for their workforce and companies could be more profitable and maybe more jobs would stay here at home and people could work and contribute to society.”

Except that he forgets to tell his audience that every country that offers this “free” healthcare confiscates 55%+ of their earned income each paycheck to pay for this “gift”. How many of the poor can afford HALF of what thy’re surviving on now? How many middle class?
The ONLY people who would benefit are those who pay nothing into the system since THEY are the ONLY ones who would get “free” anything.
He also neglects to mention that no company is going to hire more people to produce more products that nobody can afford!
No company is going to produce a product because they feel sympathetic enough to fill warehouses full of junk they can’t sell just to keep an overflow of employees they can suddenly in the very short term afford due to a healthcare savings!

Typical racist uninformed nonsense from “the truth”.
The ONLY thing missing from the sojourner’s truth…as usual is the truth!

But until then – we have got to do something to get the sharks out of the pool.

I see this unfortunately as a situation where it will hurt those currently using the payday lenders more than it will help.

The reason people are in trouble is not because of the payday lenders, the reason the payday lending companies are here are because people are in financial trouble. Which could go to the larger issue of why do people live above their means, some could avoid even needing to use these services if they would accept what their lifestyle needs to realistically be. That we both know is something not everyone wants to do.

Our government is to protect the people from being preyed upon. We have banking legislation that prevents this kind of predatory conduct on the books already. It is a simple mistake that these lenders take advantage of to avoid banking legislation and predatory controls. They figured out how to work around the laws that exist to make businesses behave in an acceptable way.

Including them in controls that prevent predatory conduct is a no brainer. We already have and have had for a very long time banking legislation. This is NOT a new concept. Anyone who would argue that predators must be allowed to continue preying upon the populace because the government mustn’t be allowed entry into an arena where they already have controlling legislation is pure bull.

The gambling issue is also a no-brainer. To have a single entity ask to have the Constitution of one of the States changed to accommodate his business (when he has such a seedy background), is unacceptable. The Constitution of the State of Ohio is in place to protect the people. Not to accommodate individual businesses.

If this guy wants to come into Ohio and do business, he’d ought to have to do it like everybody else.

Legally.