Trump Sides With Payday Lenders Preying On Poor In Red States

Hello tsuke,

tsuke said:
payday lenders suck but speaking as someone in the banking industry its not like banks are going to lend money to these people. I mean they are there precisely because they maxed out on all existing available credit. so if not payday loans its loansharks or starve.
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The USPS should be in the business of making simple low fee loans to service this need. This should be offered as a non-profit service of the US government to help people in need.

The reason these people are in need is because capitalism failed to provide opportunity for them.
 
Adolf_Twitler said:
Earl groans every time he hears the truth! LOL

Just watching him get his panties in a wad and shart his little britches is hysterical!

What an attention whore!

tenor.gif
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Groans from certain posters should be considered a badge of honor. That is how people know they are saying the right things.
 
PostmodernProphet said:
you idiots cannot be trusted with government......
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Leviticus 25:35-55
“If your brother becomes poor and cannot maintain himself with you, you shall support him as though he were a stranger and a sojourner, and he shall live with you. Take no interest from him or profit, but fear your God, that your brother may live beside you. You shall not lend him your money at interest, nor give him your food for profit. I am the Lord your God, who brought you out of the land of Egypt to give you the land of Canaan, and to be your God. “If your brother becomes poor beside you and sells himself to you, you shall not make him serve as a slave: ...
 
Hello Cinnabar,

Cinnabar said:
But they are very patriotic and want to MAGA...by making it easier to rip off fellow Americans.
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Other people's misfortune is seen as opportunity to the greedy.

That's the problem with win/lose people. They can't envision a world where the winning is shared. To them, the only way somebody can win is if somebody else loses.

Their entire world is built on this negativity.

It's really sad they have no vision.

And the amazing thing is these are people who are strong proponents of capitalism. They hold this fantasy-land view of capitalism as this world where you have a small town with all these mom and pop shops, and the baker makes the bread, and the butcher has the meat, and the farmer comes into town and brings food, and the general store has the supplies everyone needs, and everybody has their place and all are thriving. Everyone contributes some positive function and it all meshes together for a happy peaceful functional system that supports everyone so nobody is on the dole.

The reality of capitalism is that the holders of big capital use the power of their wealth to get richer, and those who don't have any wealth are the prey. Capitalism at it's ugliest is a system that extracts money from the poor and transfers it to the rich. Whatever the service or product is doesn't matter. The ideal vehicle for capitalist profit is something temporary that a) transfers as much wealth as possible from the poor to the rich, and b) doesn't serve the need for very long and thus must be repeated over and over. ie, It is something that transfers the most wealth from the poor to the rich over the shortest period of time.
 
PoliTalker said:
Hello Cinnabar,



Other people's misfortune is seen as opportunity to the greedy.

That's the problem with win/lose people. They can't envision a world where the winning is shared. To them, the only way somebody can win is if somebody else loses.

Their entire world is built on this negativity.

It's really sad they have no vision.

And the amazing thing is these are people who are strong proponents of capitalism. They hold this fantasy-land view of capitalism as this world where you have a small town with all these mom and pop shops, and the baker makes the bread, and the butcher has the meat, and the farmer comes into town and brings food, and the general store has the supplies everyone needs, and everybody has their place and all are thriving. Everyone contributes some positive function and it all meshes together for a happy peaceful functional system that supports everyone so nobody is on the dole.

The reality of capitalism is that the holders of big capital use the power of their wealth to get richer, and those who don't have any wealth are the prey. Capitalism at it's ugliest is a system that extracts money from the poor and transfers it to the rich. Whatever the service or product is doesn't matter. The ideal vehicle for capitalist profit is something temporary that a) transfers as much wealth as possible from the poor to the rich, and b) doesn't serve the need for very long and thus must be repeated over and over. ie, It is something that transfers the most wealth from the poor to the rich over the shortest period of time.
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I always refer to this explanation as I beleive it sums it up very concisely...

Thom Hartmann: The Middle Class is Not "Normal"

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class. Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.

This is how quickly capitalism reorients itself when the brakes of regulation and taxes are removed - this huge change was done in less than 35 years. The only ways a working-class "middle class" can come about in a capitalist society are by massive social upheaval - a middle class emerged after the Black Plague in Europe in the 14th century - or by heavily taxing the rich.

https://www.thomhartmann.com/blog/2014/04/middle-class-not-“normal”
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But many have been brainwashed to believe otherwise and even when they see the reality, they refuse to accept the truth. That is how easily brainwashed and dumbed-down they have become. These dupes are still advocating for trickle down supply side voodoo to kick in after almost half a century of dismal failure.
 
ThatOwlWoman said:
I hope that this issue, and other similar consumer protection regulations that the Toadstool has nuked, are targeted by whoever gets the (D) nomination. Another one that needs restoration is the requirement that financial advisers have a fiduciary duty to their clients rather than to themselves. Tossing that one in the trash was one of the Crook-in-Chief's first EOs after taking office.
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Oh don't worry. Donald and his parasites that voted for him are in for a little turn-about-is-fair-play!

The minute, our very next president is elected, will completely undo every reckless and irresponsible executive order Donald Trump ever SHARPIED!

And that means every one of them!

Can you hardly wait?

It's going to be the most fun Democrats have had in 4 years! LOL!
 
The goal of payday loan profiteers is to suck away as much of the income of the needy as possible, to get their hands on some of the hardest-earned wealth in the country before those who actually worked for it do.

It's reprehensible.

It's deplorable.
 
tsuke said:
payday lenders suck but speaking as someone in the banking industry its not like banks are going to lend money to these people. I mean they are there precisely because they maxed out on all existing available credit. so if not payday loans its loansharks or starve.
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BINGO!!! At least someone is connected to reality here. ;)
 
Adolf_Twitler said:
Oh don't worry. Donald and his parasites that voted for him are in for a little turn-about-is-fair-play!

The minute, our very next president is elected, will completely undo every reckless and irresponsible executive order Donald Trump SHARPIED!

And that means every one of them!

Can you hardly wait?

It's going to be the most fun Democrats have had in 4 years! LOL!
Click to expand...
Let me know when the "fun" begins, will you? What's the ticket look like?
 
Hello Cinnabar,

Cinnabar said:
I always refer to this explanation as I beleive it sums it up very concisely...

"hom Hartmann: The Middle Class is Not "Normal"

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class. Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.

This is how quickly capitalism reorients itself when the brakes of regulation and taxes are removed - this huge change was done in less than 35 years. The only ways a working-class "middle class" can come about in a capitalist society are by massive social upheaval - a middle class emerged after the Black Plague in Europe in the 14th century - or by heavily taxing the rich."

But many have been brainwashed to believe otherwise and even when they see the reality, they refuse to accept the truth. That is how easily brainwashed and dumbed-down they have become. These dupes are still advocating for trickle down supply side voodoo to kick in after almost half a century of dismal failure.
Click to expand...

Thom Hartmann is so spot-on. I wish he would run for President.
 
Adolf_Twitler said:
Oh don't worry. Donald and his parasites that voted for him are in for a little turn-about-is-fair-play!

The minute, our very next president is elected, will completely undo every reckless and irresponsible executive order Donald Trump ever SHARPIED!

And that means every one of them!

Can you hardly wait?

It's going to be the most fun Democrats have had in 4 years! LOL!
Click to expand...

MAGA=Make America Gouged Again
 
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