Archive for June 25th, 2012
At Common Dreams, Cenk Uygur explains how bad the mainstream media is using the example of the individual mandate:
The individual mandate in the health care law was originally proposed by the Heritage Foundation, the most conservative think tank in the country. It was supported by almost every Republican in the country, including the first President Bush, Mitt Romney and conservative stalwarts like Orrin Hatch. Simply put, it was a conservative idea. There is no question about that; it is a fact.
Let me immediately digress to point out how terrible our media is since about 2% of the country knows that fact. If you asked the average American now, I’m sure they would say it was a liberal idea originally proposed by Barack Obama. Another fact — Barack Obama was originally opposed to the mandate during his campaign for president.
Uygur also uses this example to illustrate that Obama’s strategy of trying to work with the Republicans was wrongheaded.
More than 180,000 Missouri Citizens signed petitions to allow Missourians to vote to put a cap (of 36%) on payday loans and other small consumer loans this coming November. Here is some background information on the ballot initiative. But then the predatory loan industry lawyered up, bringing multiple suits to throw out all of the signatures in an attempt to destroy this ballot initiative.
Today, John Campbell and I traveled to Jefferson City to participate in an afternoon of oral arguments before the packed courtroom of the Missouri Supreme Court. John and I (we both work with The Simon Law Firm in St. Louis) also helped to write an appellate brief on behalf of those who seek to allow Missouri voters to decide this critically important issue this November. There was lively argument before an attentive court on numerous contentious issues drummed up by the predatory loan industry. We expect a ruling from the Missouri Supreme Court within the next month on this issue. It is our hope that the Court will rule that Missouri citizens will have the final say on whether loans that currently run from 300% – 500% will be capped at no more than 36%. This is critically important because these loans are currently dangerous products that trap consumers in long-term debt, and drive many people into foreclosures and bankruptcy. For many decades, Missouri did fine without loan-shark rate interest rates, and it’s time to make things right. Stay tuned.
If you want more detail, all of the appellate briefs can be read at the site of the Missouri Supreme Court.