Democrats declare war on the poor
The American Spectator
by Robert Stacy McCain
06/08/09
Given the abject failure of the War on Poverty — as Ronald Reagan said, ‘Poverty won’ — now Democrats apparently have decided to go right for the heart of the problem, by making war on the poor. That’s the only plausible explanation for S.500, the ‘Protecting Consumers from Unreasonable Credit Rates Act of 2009,’ introduced earlier this year by Sen. Dick Durbin (D-Illinois). The bill would limit interest rates in such a way that pawn shop owners say it would drive them out of business. Currently under consideration by the Senate Banking, Housing and Urban Affairs committee, this legislation could only make sense to someone who (a) knows nothing about pawn shops, and (b) knows nothing about economics...
http://spectator.org/blog/2009/06/08/democrats-declare-war-on-the-p
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Robert+Stacy+McCain
by Robert Stacy McCain
06/08/09
Given the abject failure of the War on Poverty — as Ronald Reagan said, ‘Poverty won’ — now Democrats apparently have decided to go right for the heart of the problem, by making war on the poor. That’s the only plausible explanation for S.500, the ‘Protecting Consumers from Unreasonable Credit Rates Act of 2009,’ introduced earlier this year by Sen. Dick Durbin (D-Illinois). The bill would limit interest rates in such a way that pawn shop owners say it would drive them out of business. Currently under consideration by the Senate Banking, Housing and Urban Affairs committee, this legislation could only make sense to someone who (a) knows nothing about pawn shops, and (b) knows nothing about economics...
http://spectator.org/blog/2009/06/08/democrats-declare-war-on-the-p
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Robert+Stacy+McCain
rudkla - 9. Jun, 10:26
