Sunday, September 25, 2011

Joe Klein Emerges From Cocoon - Learns Something

Anyway, what Klein finds is what concerns most people he met are not the contested social issues like abortion, evolution or immigration. Instead, he writes, the talk was “all about too much government: too much governing regulation, too many people dependent on government.” One of the mayors complains to Klein about Social Security disability payment, which he says is giving drug addicts and drunks “three times the amount my father-in-law does on Social Security retirement.” And another person tells him that children with ADD can get Social Security disability payments also. Says the woman: “I don’t believe we have any legal or moral obligation to pay any money to people too drunk to work or lazy to work.”

Another gripe was the Dodd-Frank financial reform law, which one builder explained prevented him from receiving bank loans he always used to be able to get, known as “character loans,” since he had a good repayment record. Now, a deal fell through because he needed a quick loan, and Dodd-Frank prohibited him from moving on the process for a six week period. By then it was too late. Similarly, another businessman told Klein how for similar reasons, he could not expand his nursing home business. He even heard the same complaint from a banker who is the mayor of Hope, Bill Clinton’s home town. Not a Tea Party supporter like the people in Texarkana, this banker explained how impossible it was to give anyone home loans anymore.

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