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December 12, 2006

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Payday Loan Advocate

Like most Americans that constitute the ever-growing class of “disillusioned” voters, I watched the recent “town hall-style” debate between Barack Obama and John McCain. As expected, my perspective of politics and its participants remained the same: no matter how many direct questions you ask a politician, regardless of party affiliation, the answers you receive are nothing more than generalized sound bites. The New York Times described the debate as “ninety minutes of forced cordiality,” and I certainly agree. The Boston Globe reported that although the discussion was “mercifully free” of personal attacks, the discussion was also free of much of the tension that generates compelling television. McCain reiterated the value of his experience, his “stay the course” stance on Iraq, and his oil drilling policies. Obama condemned the Republican policies that he believes have led the American economy into its current recession. Based on the debate performances, we really have no concept of how either candidate would work to avoid a pending economic catastrophe. A realistic, well-thought out economic plan is what America needs. Obama’s stance on “predatory lending” – effectively sanctioning payday advance lenders – is not a legitimate solution to the real economic problems we face.
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