Thursday, January 25, 2007

A "payday loan" by any other name

It's tax time and that means that Jackson-Hewitt, H&R Block, etc are all advertising their "rapid refund" service.

What is a "rapid refund?" It is essentially a payday loan. For an exhorbitant fee (exhorbitant is defined not by the marketplace but by democrat politicians) you get your money 2-3 weeks early.

So... since Kulongoski and co. were all so anxious to say vile things about payday lenders I am calling for him to have a press conference today where he will describe H&R Block as "predatory." Really, I want to see that. Or is Kulongoski afraid of big tax. (said in the same tone as you would say "big oil" or "big tobacco")

Come on Governor, be consistent. You know that some good Republicans in the legislature would support a bill restricting the "predatory" and "vile" practices of offering consumers choice. After all, interfering with the market and increasing government regulation is what our current crop of R's are all about.

I'm sorry to the folks who just had a pipe break, a transmission go out, etc but I'm just not willing to let you fall "victim" to the predators at big tax. You will have to wait a few weeks to get your money. I know better than you.

10 comments:

Anonymous said...

now daniel for one who cant shoot a bb gun in the city limits,why would you be in favor of more regulation

Ric said...

Why would anyone want/need a "pay day" loan.

Only reason I can think of, is that you have to do business with a cash-only company.

Say your car was towed?
Tow, storage, & gate fees are typically, cash only transactions.

Why would anyone want/need transfats? Just try for southern fried chicken without using Crisco.

Remember, the
party of choice
is not about choice at all.

Bobkatt said...

Sorry Daniel, I think you missed the mark on this one.

Daniel said...

Uhhh, it's sarcasm... did I not lay it on thick enough?

Mike said...

Sarcasm doesn't always translate in text. I got your point, Daniel, but I can understand why some didn't.

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