From Ohio’s Naug Blog: “Altruism is not a business model”
May 20, 2008 | alternatives | Comments (1)Commenting on the idea that pawn shops will replace payday lenders in Ohio, blogger Matt Naugle writes:
Wow, supply and demand works! When spineless Republicans (such as Jeff Jacobson, the junior Senator from Bexley and a Marc Dann-lookalike) limit access to credit in hopes of currying favor from those libtards on Ohio’s newspaper editorial boards, those displaced borrowers will find the money elsewhere…
And his thoughts on the Coalition for Responsible Lending:
The group supporting this legislation, the so-called Center for Responsible Lending, is supported by an out of state Credit Union and other wealthy interests which profit greatly from the policies they advocate. And their study about payday lending has serious survey sample flaws in them and make incredible assumptions with scare data.
On banning payday lending, he writes:
Killing off payday lending solves nothing. It doesn’t bring anyone up out of poverty, it doesn’t improve Ohio’s business climate, and it simply forces low-income Ohioans to find alternative sources of credit, regardless if those sources are legal or not.
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In the beginning, Crom created the PDL and gave its gift to his loyal follower, Conan, as it was written in the scrolls. Many centuries later, Thulsa Doom was defeated by Conan in 1995, which brought forth the PDL to Ohio. Many welcomed the PDL with open arms, but little did they know there was sorcery at work.
In the halls of Campbell Hill, Sauron crafted the One Ring to enslave the people of Ohio by keeping them in the Cycle of Debt. For almost 12 years, the Free Peoples of Ohio suffered under the wrath of the ring…or was this tyranny just a web of lies to destroy the PDL? In order to combat this myth of the Cycle of Debt, William Wallace rose forth to meet his enemies head on at the Battle of I-75. In the words of Wallace “…you can take our PDLs, but you can’t take our freedom!” His words won the day, but in 2008, a sinister plot was unfolding in the Republic Senate. Who would stand up to meet this menace?
It was Frodo Baggins that joined forces with a Jedi Knight called Obi-Wan Kenobi. Together, they would make a voyage to Columbus to reveal the true evil threatening the PDL. When they arrived there, the Cycle of Debt myth had worked its way into the Senate. Also, the Ohio Statehouse had been transformed into the ultimate power in Ohio: A fully-operational battle station that could destroy the PDL.
The time had come for Kenobi to again meet his old apprentice, Darth Faith. Both became locked in a lightsaber duel, but it would be Kenobi that would be defeated. Upon seeing the death of his friend, Frodo returned to his hobbit hole in Canal Fulton. Meanwhile, in the Senate, the votes had been cast against the PDL and soon Darth Faith could sweep the remnants of the PDL away. In a quote to the Republic Senate, he said: “This will be a day long remembered…it has seen the end of Kenobi and will soon see the end of the PDL”. The final decision is in the hands of Grand Moff Strickland.
Eventually, Conan, William Wallace, and Frodo would return to each claim a kingdom by their own hands.
But that is another story…