Earlier this morning, Simon highlighted the findings of a new CBS poll that show U.S. Sen. Barack Obama gaining significant ground on U.S. John McCain. Also in the poll were new findings that economic anxiety is as high as it has ever been in the history of the poll. Now, we don't need polls to tell us that things are grim out there, but the data here was startling nevertheless. Nine in ten Americans say the economy is in very bad or fairly bad shape, the highest measure since The Times and CBS News began asking the question in 1986. Less than one percent of those polled said the economy was in very good shape. Americans aren't seeing an end to the gloom -- 76 percent say the economy is getting worse, the most pessimistic Americans have been since the question was first asked in 1974. Ugh. Sounds like a good time for a changing of the guard at the White House.
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It’s no secret that the
It’s no secret that the economy
is in the trash, and Americans are looking for some kind of relief. We are
facing the worst financial crises since the Great Depression; folks are
defaulting on their mortgage payments, fuel costs are outrageous, and unless
you have a spotless credit history a loan might be out of the question. The
middle class is struggling and the notion of the American dream is diminishing.
This load doesn’t seem to be getting lighter, especially when politicians, who
caused this mess, are trying to ban the one thing that could help you out in
your time of need. In Washington, there has been a bi-partisan effort to
hinder, even ban, the payday loan industry. These politicians tend to accuse
the industry with what they call “predatory lending.” This commonly used term
in Washington just shows how out of touch they are from Main Street. I’m sure
that these politicians don’t know what it’s like to be a single father living
paycheck to paycheck while trying to raise two children. A payday loan can be
an excellent financial tool if used responsibly, but I guess they wouldn’t
understand that. With that said, please educate yourself on the issues that
affect you the most and exercise your right to vote.
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