Why protect the payday loan industry?
February 16, 2007
When the Virginia House of Delegates voted bipartisan, 55 to
39, to cap the interest rate on payday loans at 72 percent
APR, Del. R. Lee Ware Jr., a Republican from Powhatan,
pulled his bill so that no further debate would continue in
the public square on HB2563.
If Ware's disrespect for the public and for his own
colleagues in the General Assembly was not enough, the
gentleman further confounds the people and his political
party when he comments on the 72 percent APR cap and says,
"You can't make payroll on that kind of return." Since when
does the Virginia legislature have the responsibility of
being the nanny for businesses and have the responsibility
of underwriting the payrolls of the payday loan industry?
From this businessman's perspective, proudly operating in a
pro-business state, the General Assembly has absolutely no
business promoting and promulgating usury and assisting a
morally bankrupt industry in meeting its payroll.
Ward R. Scull III
Newport News n
Marshall's tactics
Reference "College of William and Mary controversy: Capitol
and the cross," Feb. 9. Who is this wannabe "Little King"
Del. Robert Marshall? Centuries ago his type would be
shouting "off with his head" - meaning the president of
William and Mary, Gene Nichol's head. Since Marshall doesn't
rule a kingdom these days, all he can do is toss in a budget
amendment that would eliminate Nichol's state salary for the
year, or else.
Intimidation of the worst kind, but the kind you might
expect from the extreme religious right, of which Marshall
is a card-carrying member. "My way or the highway" is his
motto. Would you please publish the names of those other 35
who voted with him to dispose of Nichol's salary? I'd be
especially interested if any of those 35 reside around here.
Thank you.
Hugo Luoto
Newport News
Insatiable taxes
Our state and local politicians seem to be taking the term
"commonwealth of Virginia" a bit too seriously with their
insatiable hunger for more taxes. The Newport News City
Council seems bent on bleeding homeowners dry with property
tax hikes. And now state leaders want everyone to pay more
taxes to fund their neglectful practices regarding
transportation - all the while patting themselves on the
back and voting for raises, no doubt.
Bernard Evans
Newport News
Equally credible
Reference the letter "Protest coverage," Feb. 9, decrying
the lack of coverage for a previous rally in Washington, D.C,
of groups opposing abortion rights. In that letter the
implication was made that a group of theological scholars
representing Christianity, Judaism and Islam supported the
rally and that they have more credibility than Jane Fonda.
When one considers that most theological reasoning occurred
in a former age in which best thought was that a woman's
body was nothing more than a host for nurturing a man's
implanted seed, and that the advanced education of most
theologians equips them best for debating the number of
angels (or jinns) that can dance on a pinhead, one need not
wonder why none of these learned men can explain why God
would invest a living soul into a bolus of pre-natal tissue
when, in his omniscience, he knows that an infant will not
be born.
The learned theologians have no more standing in this debate
than any other thoughtful person, even Jane Fonda.
Leo Staton
Williamsburg
Taxes from profits
I have been hearing and reading that Exxon made about a $40
billion profit. What I have not heard is if this was before
or after taxes and in either case what tax is to be paid. A
cynic like myself is of the opinion that the media would
rather not say anything good about profits.
J.B. Lankes
Newport News
Independent Obama
What about Sen. Barack Obama? Obama announced his candidacy
for president in Springfield, Ill. Al Sharpton and Jesse
Jackson were disappointed that he didn't make his
announcement at Hampton University during the State of the
Black Union symposium last weekend ("Obama's dreams stir
interest at HU event," Feb. 11).
Sharpton and Jackson cannot speak for Obama or run his
campaign. Since he is the senator from Illinois, he made his
announcement in Illinois - his choice. He had no obligation
to announce at HU, and no one, including Tavis Smiley,
should apologize for him. One speaker noted that, "Obama
might have fallen down today but we'll help him get up
again." How so? He announced his candidacy to the people who
elected him to the Senate. Many of the doubtful black
Americans suggested that by not being the descendant of
slaves, he might have difficulty relating to black Americans
and carrying their votes. Bill Clinton was not a descendent
of slaves, but according to many black Americans, he had no
problems relating to them.
If you run for president, you should be able to relate to
all Americans. What was this article really about? People
being misinformed by so-called "leaders" who should know
better. Speak with your own voice, listen to all the
candidates, do some research, check their voting records and
vote. Game on!
J.Y. Teasley
Newport News
Flawed Iraq plan
The "new way forward" in Iraq is a desperate gamble that is
fatally flawed.
Fatal flaw No. 1 is that deployment of our troops will take
from four to six months. Piecemeal commitment of forces sets
the stage for them to be weakened by losses before the next
group arrives. No way, then, can the full impact of 17,500
additional troops into Baghdad ever be realized.
Fatal flaw No. 2 is that the Iraqi army is to provide a
multiple of our 17,500. Yet, in the past, Iraqi soldiers
either went AWOL or the promised units never arrived at all.
All of that adds up to one tragedy, but that's not all.
This plan is presented as one developed by the generals. Who
knows whether Gen. David Petraeus had a voice in it or was
it handed to him to execute? In any event, who gets the
blame if it does not succeed? Not Bush/Cheney, that's for
sure.
Incompetent generals can be replaced. We can get a new
commander in chief only through resignation or removal from
office. None of that will restore the lives of our brave
soldiers killed during this operation. That's the greatest
tragedy of all.
Joseph K. Taylor
Yorktown
Ruinous growth
In spite of the frequent warnings from the Daily Press that
growth for this area is impossible without extensive work on
our system of roads and highways, it appears that the money
to accomplish it is actually going to be made available in
the not-too-distant future. And we all know what growth
means: more jobs, more people, more houses, more malls, more
taxes and, inevitably, more cars and an ever-growing demand
for more concrete on which to put them.
Developers have preached the "Growth is good" lie for so
long that most people, including the Daily Press editorial
staff, actually believe it.
Enjoy your growth, folks. After 35 years here, I'm moving to
Oregon. I've found a place there that has not yet been
completely spoiled by growth.
Don Crowson
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