Well... Since the OP is obviously a republican, naturally he/she is not going to give Obama any credit for any economical advances. Or consider it was a ""republican"" president that ran the nation into the ground. Need we be reminded of 2008 and that taxpayer bailout?
I would think not.
And considering it is much easier to burn down a house than rebuilt it.
GW burnt down the house not wasting any time.
It is amazing Obama has been able to rebuilt that house as well as he has, all considering.
And the all considering being constant non-cooperation from republicans in congress.
Then add to that, government shutdowns by republicans.
Few presidents throughout history have walked into such financial disaster on day one, and then been able to recover the economy to the point where Obama has.
So we can disregard any right wing bull about this president not having done enough.
It is easy to throw rocks, and burn down a house.
But just try cooperating a little to build one, Mr republican.
As for payday loans, sure they are nasty devils, and once started hard to break free from.
Usually some unforeseen hardship is what causes one to find themselves in a payday loan store in the first place.
Car repairs, medical bills, house or rent payments behind, legal issues, sudden employment change, job furlough, layoff, utility bills, and so on and so on...
But on the other hand, what are the options?
Burrowing from a friend?
Borrowing from a relative?
Employer pay advance?
Bouncing a check?
Bouncing a check...
That is usually the only other real option.
And when you weigh in bank fees for bounced check(s) vs payday loan fees, your better off going to the payday loan store.
With avoiding further problems from the bank itself for bouncing check(s), at
least a payday loan will avoid a bounced check, and a hold on the bank account, and legal action from the bank.
Paying off that payday loan is another issue, and where the borrower becomes trapped in re-writing over and over again, unable to pay off the full balance.
The fees add up fast, but not any more than banking fees from bouncing check(s).
Limiting how payday loan stores operate is not going to help someone in need of fast cash.
Not unless laws are changed so that fee is less, and the payback can be extended over more time.
More payday loan borrowers could break out of their obligation should they begin to fall in that rut of writing loan after loan.
In reality, banks are behind the push for more payday loan reforms.
Why?
Payday stores cut in on their business.
The bank rather you bounce a check and pay "their" fee, than get a short term loan and pay the payday loan fee.
Bank lobbyist in congress have been trying to put payday loan stores out of business for a long time.
it's all simply a nasty situation to find ones self in.
Either bouncing a check for an emergency financial need, or borrowing from payday loans.
And the best way to fix this, pay working people a decent living wage in the first place.
Get more people off government assistance by forcing employers to pay a decent wage people can live on.
Save a few dollars on for an emergency.
Get out of that rut living paycheck to paycheck.
When they bust unions, bust the middle class, bust the living wage, bust a decent living, the only option is more and more workers heading for that payday loan store, or bouncing checks.
You can't blame the victim. You have to blame the cause.
And republican economics is a good place to start the blame.
I never seen any republican congress person heading for a payday loan store.
Nope!
They just raise their own wages, and grant themselves more financial perks.
As well as living off a pretty nice government healthcare plan.
That very same all inclusive universal healthcare plan that republicans refuse to pass onto you.