Skip to main content

X-posted at Mitty Millionaire
romney14

romney15

romney16

Poll

The Most Esteemed Republican Economic Policy Plan Is?

17%8 votes
0%0 votes
8%4 votes
2%1 votes
2%1 votes
6%3 votes
62%28 votes

| 45 votes | Vote | Results

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Tip Jar (10+ / 0-)

    "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

    by Tortmaster on Sun Apr 29, 2012 at 07:49:54 AM PDT

  •  Yeah, this is some Sunday fluff, but ... (2+ / 0-)
    Recommended by:
    Renee, raster44

    ... I'm doing a diary on Republican Economic Sabotage, and I'd appreciate it if you can -- with just a sentence or two -- describe one bill voted down or action taken or policy from a Republican group (i.e. ALEC or Chamber of Commerce) or other facet of Republican obstruction of the American economy. (I don't want to miss out on any, and I can trust the collective wisdom of the community to identify these issues.). Thanks if you can help! I'll give you credit in that future diary.

    "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

    by Tortmaster on Sun Apr 29, 2012 at 07:55:44 AM PDT

    •  I don't know if this fits what you have in mind (1+ / 0-)
      Recommended by:
      raster44

      But you might consider Ohio's delicious smackdown of the anti-Union law passed here after Kasich became Governor and the republicans took over our General Assembly.

      The new law was crushed; 87 of 88 counties voted it down, even those in our reddest of red areas.

      Here's a link.

      Take my vote for granted at your peril.

      by VetGrl on Sun Apr 29, 2012 at 10:32:48 AM PDT

      [ Parent ]

      •  Thanks, VetGrl, that's ... (0+ / 0-)

        ... exactly what I'm looking for!  ; )   It is also one of the things that I might have forgotten -- even though it was mega-important!

        "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

        by Tortmaster on Sun Apr 29, 2012 at 09:49:04 PM PDT

        [ Parent ]

  •  And an elevator for every car (5+ / 0-)

    ... well not quite every car gets an elevator..  
    those who are about to be rich may have to wait a little bit.

    If cats could blog, they wouldn't

    by crystal eyes on Sun Apr 29, 2012 at 07:57:19 AM PDT

    •  Holy Cow! What an incredible ... (3+ / 0-)

      ... and relevant photo. Thanks, crystal eyes!

      "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

      by Tortmaster on Sun Apr 29, 2012 at 08:26:18 AM PDT

      [ Parent ]

    •  Great Shot! Brought back all (1+ / 0-)
      Recommended by:
      crystal eyes

      kinds of great memories of baseball trips I took with my Mom & Dad back in the 1950's. Remember parking the car in these in New York City and Pittsburgh so long ago. Was amazed how efficient they operated. Those were still the days of 25¢ hot dogs.

      •  Haha, raster44! (0+ / 0-)

        That picture looks unreal, like it was made up as something people in the 40s and 50s thought the future would look like. I'd never heard of these things before, and let me tell you, they're cool!  Thanks for the story!

        "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

        by Tortmaster on Mon Apr 30, 2012 at 12:12:07 AM PDT

        [ Parent ]

  •  Does Durbin the Democrat pushing a (1+ / 0-)
    Recommended by:
    raster44

    a cap of 36% for consumer loans count?

    His legislation didn't get passed.  Now he wants the CPB to do the job for him and sends out press releases to that effect.

    Considering it's OUR money and the handling cost to the banks is just .05%, it hardly seems fair to charge wage laborers 36% because employers prefer to pay them every two weeks and there's often not enough money to eat.
    The Durbin legislation restricting the number of times an individual could take out a loan was insulting in the extreme.

    People to Wall Street: "LET OUR MONEY GO"

    by hannah on Sun Apr 29, 2012 at 08:39:55 AM PDT

    •  Sorry I had to buy the family ... (1+ / 0-)
      Recommended by:
      raster44

      ... Sunday lunch and couldn't get back to you as soon as I wanted, hannah. I'm not familiar with that particular legislation, and when I first tried to look it up, I thought you were writing about consumer payday loans and a usurious interest rate of 36%. I see you're writing about something else, so I'll see what I can dig up.

      "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

      by Tortmaster on Sun Apr 29, 2012 at 12:16:58 PM PDT

      [ Parent ]

    •  Well, I did find something, and ... (1+ / 0-)
      Recommended by:
      raster44

      ... it looks like Durbin was attempting to cap payday loan interest rates. (So, I was right originally, I just failed to look in the right place.). This is one of the articles I found:

      A longtime champion of bankruptcy reform, Illinois Senator Richard Durbin has proposed a new bill that would create a national interest rate cap on consumer credit.

      Durbin's plan would eliminate the shockingly high interest rates that some consumers find themselves being forced to pay for consumer loans like payday loans, which can come with interest rates in excess of 300% in extreme cases!

      Currently, the cap for such loans on military personnel and their families is at 36%—the bill would simply apply this cap to all consumers.

      While it is not certain that Durbin will be able to drum up support for this legislation—a Durbin proposal to allow judges to rework the terms of mortgage loans in bankruptcy proceedings failed recently—his latest offering shows that some lawmakers are beginning to take the economic downturn seriously and find ways to make life easier for consumers during this time.

      I think 36% is way beyond usurious and should be out-lawed, so I'm in Durbin's camp about that. On Durbin's own website, I found this:  
      “Just as the economy is starting to turn the corner, now more than ever we need to protect consumers from the predatory practices of payday lenders,” said Schumer. “This type of loan is intended to be short-term, but rollovers can trap consumers in a never-ending cycle of spiraling debts. This is exactly the sort of consumer abuse that we created the Consumer Financial Protection Bureau to address, and that’s why we are urging Richard Cordray to protect consumers from some of the most egregious, unfair and deceptive lending practices.”

      According to the Center for Responsible Lending, over 60 percent of payday loans go to borrowers with 12 or more transactions per year and 24 percent of payday loans go to borrowers with 21 or more transactions per year.

      Last Congress, Durbin, Hagan and Schumer introduced the Payday Lending Limitation Act of 2010 to limit rollovers and prohibit creditors from issuing new payday loans to borrowers with six loans in the previous 12 months or 90 days aggregate indebtedness. That bill would have ensured that payday loans remain “short-term.”

      I see now what you're talking about regarding restricting the number of times a payday loan can be "rolled over." Hmmm. It seems like a huge problem, and one I'd have to think about as far as coming up with a reasonable solution. (That's not to say that Durbin's proposed solution isn't the best one, I'd just have to think about it for awhile. How would it affect a family that needs to rollover one more time? Stopping that punishes the payday loan-maker, but does it punish the family as well?).

      "I'm Mitt Romney, and I'm the real Mitt Romney. All the other Mitt Romneys are just mass-debating." -- Mittbot ver.12.0

      by Tortmaster on Sun Apr 29, 2012 at 12:30:47 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site