Posted on 24 October 2008.
From the press release:
Vote No On Issue 5
Endorsed by Call & Post, Ohio’s Largest African American Newspaper
Faith-Based Community Leaders from Across Country
Columbus― Vote No on Issue 5 today wins important endorsements of Ohio’s largest African American newspaper, the Call and Post, along with Bishop Harry Jackson, chairman of the High Impact Leadership Coalition (HILC) – a coalition of black and white faith-based community leaders from across the country.
The Call and Post says, “The bill does nothing to help Ohioans, especially Black Ohioans. This paper takes umbrage to the fact that lawmakers want to decide how families should handle their personal finances. We find this paternalistic at best – and an insult to intelligence at worst. VOTE NO on State Issue 5 on election day, Nov. 4. Individuals and families ought to have the right to determine what is best for them financially. We don’t need “overseers” overseeing our pocketbooks. Vote NO on State Issue 5.”
Bishop Harry Jackson, chairman of the High Impact Leadership Coalition added, “Every job matters in Ohio, and especially now as so many Ohioans struggle to support their families during our country’s most troubling of economic times.” An estimated 10,000 jobs could be lost (6,000 directly from the industry and 4,000 indirectly) with a total $500 million impact on the State.
Vote No on Issue 5 to keep hard-working Ohioans’ name and personal financial information OUT of a government database for tracking purposes, or where the personal information could be breached.
What does a Vote No on Issue 5 mean?
Vote No on Issue 5 means:
· Consumers can keep their financial lending options.
· Consumers can keep their private financial decisions, private.
· Consumers will not be forced into a financial literacy class after two short-term loans within 90 days.
· Consumers will not be forced into less desirable lending options like bounced checks and credit card late fess – at higher fees than a payday loan.
· Keeping 10,000 Ohioans employed in good-paying jobs with benefits.
Respected columnist Phillip Morris got it right when he said, Plain Dealer columnist Morris: Payday lenders offer needed service “The nation is busy bailing out irresponsible banks and reassuring wealthy depositors. But if the payday lenders disappear, where will the desperate and poor like Baker turn? Who’s got their backs?”
Who has Endorsed a “NO” vote on Issue?
· The Ohio Chamber of Commerce
· Ohio Grocers Association
· Ohio Christian Alliance
· The Coalition Opposed to Additional Spending and Taxes (COAST)
· Americans For Prosperity
· Dr. Tom Lehman, Buckeye Institute for Public Policy Solutions
· Property Rights, Freedom Fighters
· National Taxpayers Union
· Ohio Libertarian Party
· High Impact Leadership Coalition
· Call & Post – Ohio’s largest African American newspaper
· Lake County News Herald, Lima News, Hillsboro Times, The Newark Advocate
· Hundreds of other Ohio consumers and businesses at www.Ohioans4FinancialFreedom.com
Ohioans For Financial Freedom says:
Vote No on Issue 5 to keep your private financial decisions – private.
Vote No on Issue 5 to keep lending options.
Vote No on Issue 5 to help keep 6,000 good-paying jobs with benefits in Ohio.