Payday Pundit

The Akron Beacon Journal is for shutting down the payday industry in Ohio and the loss of 6,000 jobs.  From today’s story: 
The northeast Ohio newspaper says in an editorial Sunday that voting in favor of Issue 5 would prevent consumers from locking themselves into a cycle of debt.
A law passed earlier this year by state […]

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The Coalition Opposed to Additional Spending and Taxes was in Akron yesterday making a case for a “NO” vote on the payday lending referendum.   Remember, a NO vote is the pro-consumer choice position. 

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This guest opinion piece in the Akron Beacon Journal has the Payday Pundit’s juices going:

Unless you are a payday lender, you probably aren’t inclined to side with the campaign that wants to keep rates high, but the pro-lending campaign is on a mission to deceive the hard-working people of our state.

No idealogue ever believes he […]

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We believe that we can do sarcasm better than any newspaper, especially this one.   It think it’s fair to say a Pulitizer Prize is not in this publication’s future. 

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Matthew Glans of the Heartland Institute had this to say in the Akron Beacon Journal about Ohio legislation:
The Ohio legislature, like many governing bodies across the country, apparently believes it is a better economic steward than the market. Legislators are considering new laws that would limit the ability of consumers to choose what lending services […]

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