Debbie Wasserman Schultz’s Bad Week Just Got Much Worse

[GoLeft TV]

In the wake of the DNC email leak, Debbie Wasserman Schultz’s primary opponent Tim Canova has been on the receiving end of huge campaign donations from concerned progressives who want Wasserman Schultz out of Congress. Ring of Fire’s Farron Cousins discusses this.

[yallerdawg]

1. I wonder what the residents of her district think about...

vast amounts of money coming in to their district to influence their election?

I guess Trump, the Koch Brothers and Citizens United actually got it right?

[DefenseLawyer]

5. Are you seriously suggesting that DWS doesn't get money from outside her district?

That's pretty funny.

[yallerdawg]

7. I don't know where DWS gets her campaign financing.

I am not a constituent of her district.

The only thing that caught my attention was a national campaign to "primary" a fellow Democrat.

I do know that would make me rather mad if it happened to a Democrat I supported.

[Ford_Prefect]

8. Ask The pay-day loan industry who it is they are supporting. The answer to that should make you mad.

[yallerdawg]

11. You mean against the Republican opposition.

By the way - you ever needed a payday loan?

I thought not.

[Ruby the Liberal]

20. The fight was over CFPB regulations

Debbie sided with the stellar upstanding payday lending industry to say that they shouldn't be regulated.

Because loan sharks should just float with the free hand of the market.

Awesome, right?

[whopis01]

23. I have. And had to pay their evil prices.

Do you know what they get away with charging?

It was roughly 500% interest.

And I say "get away with" because they use loopholes and legal wrangling to structure things to avoid users laws.

They are scum.

[yallerdawg]

24. That's Annual Percentage Rate.

I've never had a payday loan in my life that gave me - much less took! - a year to pay off!

But I damned sure fed my family or kept the lights on or put gas in my car to get to work - when no one else on this planet would bail my ass out.

There are usually two sides to every story.

We need to start listening to the other side, to understand. Then we make informed choices.

[whopis01]

25. Yes. That is APR. That is how you measure interest rates.

It isn't like the interest rate changes depending on how long it takes you to pay back the loan.

Do you even know why loans rates are described in terms of APR?

That was introduced with the Truth In Lending act of 1968. A bill backed by Democrats designed to help protect people from predatory lending schemes.

Now I am sure you are going to come back and claim that you of course knew all this. But you little rolling, laughing icon next to your statement about it lot taking you a year to pay off betrays the fact that you don't really understand or appreciate it.

APR and other protections in the TILA were designed to make sure that anyone taking a loan understood what they were getting into. Thee businesses do everything they can to avoid this law and use loopholes to call a loan something other than a loan so that they can hide this information. And then they prey on those that do not understand or appreciate what is actually going on.

Your final statement says it all. Making informed choices. That is exactly what these lenders want to make sure you are not doing.

[yallerdawg]

29. Do you understand?

This is a rolling, laughing icon:

When I get a $100 unsecured loan on a hand shake between strangers, based on proof of employment (and no credit check!) until next payday, I don't pay 500% interest.

I bet you have no idea what I'd pay when I go back to pay off the loan!

It's not like a credit card, with it's 12-24% APR - which people pay on a monthly minimum, and then casually toss into bankruptcy - for years and years!

Loan sharks prey on people.

Payday loans are a high-risk capital investment available for a set of fellow Americans who only have worse alternatives.

What "horrible thing" did DWS do?

"As a state lawmaker, she helped write Florida’s law that has sharply reduced the need to go to bad actors, curbed predatory practices and created standards and protections for low-income borrowers," Wasserman Schultz spokesman Sean Bartlett said in a statement to the Huffington Post.

"The Congresswoman wants to work with the CFPB on the way forward, and believes the Florida law is an example of how to achieve their shared goals of balancing strong consumer protections with preserving access to credit in underserved communities."

The CFPB is crafting rules meant to keep those who take payday loans from being trapped in debt and prevent excessive fees.

The agency has long been a target of Republican lawmakers, who claim it pushed strangling financial sector regulations under the guise of consumer protection.

http://thehill.com/policy/finance/banking-financial-institutions/271302-dnc-chief-backs-bill-to-hamper-payday-loan

[whopis01]

30. So, why the use of the quote? Who is that quote attributed to?

You asked:

'What "horrible thing" did DWS do?'

It would appear to the reader that you are quoting me. However you are not.
Please show me anywhere, in this thread or any other, where I said that DWS did a horrible thing. I'll even give you bonus points if you can show any post of mine criticizing DWS.

You really undermine your own argument when you resort to such tactics.

So, in answer to your question, I don't know what "horrible thing" DWS did. Since you brought up the topic, did you have an answer in mind?

You also said:

Loan sharks prey on people.

I agree with this statement. Payday loan businesses are loan sharks.

[rateyes]

12. Does it make you mad that DWS, wile Chair

of the DNC supported an incumbent Republican over the Democratic challenger?

[yallerdawg]

14. I don't know.

"Democrat" and "Republican" can sometimes get squishy, especially in the South.

She is no longer chair of DNC.

She is not my representative. I thought her constituents was who she answered to.

Koch Brothers think they should be involved in every election. I guess we do, too.

[Ford_Prefect]

17. " I thought her constituents was who she answered to." According to many of them she does not.

That is the basis of the Canova campaign to unseat her in the primary. She has many friends in the predatory pay-day loan industry and has advanced legislation to defeat or remove entirely federal regulation of their practices.

I always thought 300% interest on a short-term personal loan was a bit steep even in Florida, but they tell me there are lots of sharks 'round there.

[Raster]

10. I guess it's OK if *they* do it...

...it would appear DWS BOLDLY abused her power and position to bring it on home for herself and Hillary... but we should be upset that someone that doesn't live in DWS' district might be sending her challenger campaign donations?

[yallerdawg]

13. It's a particular independent senator from Vermont...

who seems to have a grievance against this particular individual.

I was kind of appalled that Trump pettily talked about financing PAC's to take down Cruz and Kasich.

I guess it's just a thing now.

[bullsnarfle]

18. Well I'm not from Vermont.

I am a native Floridian. And I have plenty of grievances against DEB DINO. As do a hell of a lot of Floridians.

Here's hoping we are very well rid of her. Go Tim!

[Omaha Steve]

22. DWS was getting more out of state $ than Tim

We will have to wait for the third quarter report around Oct 15th to see what changes there are.

[Mika]

2. I attended a Canova rally/event Sat eve in Broward county. It was packed.

LOTS of night life event coinciding. Was surprised at how many people were there... especially considering the parking fees.

He's a good speaker too.

[tom_kelly]

16. I thought their district was up in the Palm Beach area

It bummed me out that I wouldn't be able to vote for him.

[Auggie]

3. K&R ...

I sent Canova money months ago

[Iggo]

6. Me, too.

On day one, and several times since.

[hueymahl]

4. Hope Tim wins

He seems to have solid Democratic values.

[SleeplessinSoCal]

9. There is always the revolving door.

Why don't voters get that it takes a Congress to affect change through laws. And a Supreme Court to uphold them?

[marble falls]

15. I hope Tim wins, too.

[Omaha Steve]

19. Donate to Democratic Underground for Tim Canova FL-23 HERE

K&R!


DONATE: https://secure.actblue.com/contribute/page/du4timcanova

[Ruby the Liberal]

21. August 30th

Can't wait.

Go Tim!!!!

[bluedye33139]

26. How will her constituents respond to out of state cash?

She has won that seat repeatedly. I will be astonished if her constituents respond to an ad blitz paid for by out of state donors.

[Ken Burch]

27. She gets tons of out of state cash, too.

And Tim gets plenty of money from in-state donors, too.

Lots of people IN that state and that district hate payday usury, private prisons, and the "New Jim Crow" drug war.

[bluedye33139]

28. Fair enough. Let's see who wins!