Normally the Payday Pundit avoids wrestling with pigs, but I can’t resist in this situation. A Huffington Post contributor, Richard Eskow, wastes a few hundred words seeking Left-wing applause by name calling and quoting the bible. Then there’s this:
We’re still awaiting word on what the Community Financial Services Association has to say about Aristotle and Jesus.
Well, I’m not qualified to discuss Jesus, but Aristotle of course was the father of logic, physics and theoretical math. Aristotle would think that applying APR to a two-week loan is absurd. He would undestand that payday loans are based on a fee structure and that they are less costly than overdraft protection or bounced check fees.
If you can believe it, Mr. Eskow claims to be a former insurance/finance executive, apparently one who can’t do math.
To share your own thoughts with Mr. Eskow (perhaps on Jesus or Aristotle) you can email him here:
Quit stealing money from poor people.
Without payday advances, many working people would be able to pay their bills. Perhaps you know a less expensive way for working people to get small amounts of credit. Please share with the world if you do.
#2, 5/12/2010
1. Without payday advances, people would be able pay their bills.
Therefore:
2. With payday, people would not be able to pay their bills.
Obviously someone is not qualified to discuss logical syllogisms either!
Hey, was that a Freudian slip? “Without payday advances, many working people WOULD BE ABLE to pay their bills.”