2 Comments to 'Obama’s visit to Bristol today just got a lot more interesting'
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Obama’s visit to Bristol today just got a lot more interesting
Posted By katie allison granju
Via the AP:
With Barack Obama as their future nominee, the Democratic National Committee is adopting his policy of no longer accepting donations from federal lobbyists or political action committees.
The change will make the party and the candidate have a consistent position. Obama often says banning the donations is one way to help keep him free of the influence of Washington insiders.
An Obama spokesman announced the change Thursday as the candidate prepared to fly from New York, where he had been raising money, to campaign in Virginia.
Obama himself planned to discuss the change at a town hall meeting in Bristol, Virginia.
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Don’t forget we’ll be streaming his speech live at WBIR.com.
Jun 5th, 2008
Good for Senator Obama and good for Southwest Virginia voters. They have been so reliably Republican that Democrats have stopped trying and Republicans have stopped caring. At least now (at the very least) McCain will come and listen to the problems of that area–it is about time this area gets courted and listened to. I think it is strange that a black candidate would even attempt to come to our neck of the woods but if anybody running for president comes here then it can only be a good thing.
The current presidential candidates, Barack Obama and John McCain, supported an anti-payday loan bill in 2006. The bill, which took effect in October 2007, put a 36 percent cap on the interest rates that payday loan stores charge military personnel. The basis behind the bill was the increasing number of American soldiers that found out that loans had been taken out in their names without their consent. Many of these loans were either given to identity thieves or to their spouses. More often than not, the loan recipients borrowed money, but did not repay the loans. A majority of the loans should never have been approved in the first place because the applicants didn’t meet the qualifications. Military personnel as a whole are generally considered low-income and sometimes, unfortunately, considered to possess very little financial knowledge. The government wanted to prevent identity theft of military members because it would also prevent security breaches. Therefore, the government ruled in favor of the measure. Barack Obama would like to employ the measure nationwide. If the same interest cap is imposed throughout the U.S., the payday loan industry will be wiped out. Take time to think about who you’re voting for because your financial liberties are at risk in this election.
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