Spend & Spin!
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Categories: Action Alerts, Affordable Healthcare, Budget Priorities, Civil Liberties/Privacy, Consumer and Worker Protection, Corporate Accountability / Workers' Rights, Economic Fairness and Security, Primary and Secondary Education, Education Vouchers and Charter Schools, Higher Education, Honest and Ethical Government, Election Reform, Environment and Conservation, Civil Rights and Equality, Foreign Policy, National Security, Immigration, Media Accountability, Peace and Armed Conflict, Social Justice, Property Rights, Public Infrastructure / Transportation, Religion, Reproductive Rights, Technology and Web 2.0, Separation of Powers / Federalism, Energy Policy, Humor & Sarcasm, Ranting and Venting, African-American Issues, Arts and Culture, Criminal Justice Reform, Faith and Religion, GLBT Issues, Women's Issues, Workers' Rights, News, Opinion, Front Page
Payday Lenders Continue to Spend & Spin
The payday lobby seems to think that their opponents are being bankrolled by "special interests," apparently disregarding the fact that they are one big "special interest." In Arizona, the payday lenders have exceeded the $9 million mark in their efforts to overturn a pro-consumer bill in that state.
You can read an Article from the Arizona Star, here: http://www.azstarnet.com/metro/254016. The article suggests that the industry's opponents raise and spend next to nothing in comparison.
In Ohio, the payday lobby is outspending their opponents by incredible margins. The disparity in expenditures is easily evident just by looking at the millions of dollars spent on television ads by the payday lobby versus the unusual technique being utilized by the proponents of payday lending reform: YouTube.com! CNN Money and Forbes Magazine picked up an Associated Press story about the efforts to compete with a multi-million dollar lobby: http://www.forbes.com/feeds/ap/2008/08/26/ap5360144.html.
From the article:
Up against a multimillion dollar ad campaign, defenders of Ohio's tough new payday lending law are turning to YouTube.com.
The Coalition on Homelessness and Housing in Ohio has created an online video that warns viewers not to be deceived by the payday lending industry, which is trying to repeal the law.
You can view the YouTube video, here: http://www.youtube.com/watch?v=zDoeXujagE4
Despite enumerable examples of evidence that the payday lobby is working diligently to deceive voters, the industry continues to throw up smoke and mirrors trying to change the subject. The facts, however, remain the same. Payday lending is a debt trap and 391% interest is too high!
Don't be fooled by the payday lobby! 391% interest is not freedom! If you think 391% interest is too high, VOTE YES ON ISSUE 5!
http://www.voteyesonissue5.org
The payday lobby seems to think that their opponents are being bankrolled by "special interests," apparently disregarding the fact that they are one big "special interest." In Arizona, the payday lenders have exceeded the $9 million mark in their efforts to overturn a pro-consumer bill in that state.
You can read an Article from the Arizona Star, here: http://www.azstarnet.com/metro/254016. The article suggests that the industry's opponents raise and spend next to nothing in comparison.
In Ohio, the payday lobby is outspending their opponents by incredible margins. The disparity in expenditures is easily evident just by looking at the millions of dollars spent on television ads by the payday lobby versus the unusual technique being utilized by the proponents of payday lending reform: YouTube.com! CNN Money and Forbes Magazine picked up an Associated Press story about the efforts to compete with a multi-million dollar lobby: http://www.forbes.com/feeds/ap/2008/08/26/ap5360144.html.
From the article:
Up against a multimillion dollar ad campaign, defenders of Ohio's tough new payday lending law are turning to YouTube.com.
The Coalition on Homelessness and Housing in Ohio has created an online video that warns viewers not to be deceived by the payday lending industry, which is trying to repeal the law.
You can view the YouTube video, here: http://www.youtube.com/watch?v=zDoeXujagE4
Despite enumerable examples of evidence that the payday lobby is working diligently to deceive voters, the industry continues to throw up smoke and mirrors trying to change the subject. The facts, however, remain the same. Payday lending is a debt trap and 391% interest is too high!
Don't be fooled by the payday lobby! 391% interest is not freedom! If you think 391% interest is too high, VOTE YES ON ISSUE 5!
http://www.voteyesonissue5.org
These guys are committed to lying because if they tell the truth, no one will sign the damn things.
Keep after them!
I saw the ballot language on line. It's very confusing.
YES is a vote for lower rates.
Can you believe that? The payday lobby seems willing to do ANYTHING to get their referendum keeping 391% interest rates on the ballot! It's just a shame what they are doing to our electoral process!
Vote Yes on Issue 5!
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Any answers?
If you are voting yes on issue five you are voting to put 6,000 people out of work