Watch the video and then think about what has transpired for the last 8 years of progressive socialists demanding everyone believe 'they are the ones you have been for'.
What the attack on 'Fast Money' institutions is all about from Barack and the progressive collective, is making everyone's' options limited to what the progressives believe is necessary for survival. The free market is to scary and complicated for the average person to understand. The average person is just to stupid to know what's best for them.
Remember, again, Johnathan Gruber explained all this when he designed OgbjmaCare for the masses. There are no other options. The progressives believe it is their job as being in control of a centralized all powerful government authority to tell citizens how to live their lives.
The question, of course is, how do the progressives know what's best? Easy, they have a seat at the table of power while the rest of us have to sit on the floor.
Here’s How Low-Income Americans Feel About the Obama Administration’s New Lending Regulations
Kelsey Harkness / @kelseyjharkness /
In order to crack down on what’s known as “predatory lenders,” the Obama administration proposed new rules that require short-term lenders to ensure customers have the ability to repay their loans.
In requiring lenders to assess their financial background—including their monthly income, cost of living, and other major expenses—the Obama administration says it can protect customers from borrowing money they’re unable to repay, and therefore prevent them from getting trapped in a cycle of debt.
However, short-term lenders say the rules are so burdensome, they will cut access to credit to millions of Americans who genuinely are strapped for cash, leaving them with no options.
Who exactly uses these types of short-term loan products, and what do they think of the Obama administration’s regulations?
In the video below, The Daily Signal visited some short-term lending storefronts to find out.
https://youtu.be/cEBYb2cPQ-o
What the attack on 'Fast Money' institutions is all about from Barack and the progressive collective, is making everyone's' options limited to what the progressives believe is necessary for survival. The free market is to scary and complicated for the average person to understand. The average person is just to stupid to know what's best for them.
Remember, again, Johnathan Gruber explained all this when he designed OgbjmaCare for the masses. There are no other options. The progressives believe it is their job as being in control of a centralized all powerful government authority to tell citizens how to live their lives.
The question, of course is, how do the progressives know what's best? Easy, they have a seat at the table of power while the rest of us have to sit on the floor.
Here’s How Low-Income Americans Feel About the Obama Administration’s New Lending Regulations
Kelsey Harkness / @kelseyjharkness /
In order to crack down on what’s known as “predatory lenders,” the Obama administration proposed new rules that require short-term lenders to ensure customers have the ability to repay their loans.
In requiring lenders to assess their financial background—including their monthly income, cost of living, and other major expenses—the Obama administration says it can protect customers from borrowing money they’re unable to repay, and therefore prevent them from getting trapped in a cycle of debt.
However, short-term lenders say the rules are so burdensome, they will cut access to credit to millions of Americans who genuinely are strapped for cash, leaving them with no options.
Who exactly uses these types of short-term loan products, and what do they think of the Obama administration’s regulations?
In the video below, The Daily Signal visited some short-term lending storefronts to find out.
https://youtu.be/cEBYb2cPQ-o
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