Ohio Issues 5 and 6 - How I’m voting

November 1, 2008 by Pelikan
Filed under: State of Ohio Govt 

My friend, cousin and spiritual advisor Skip Cornett of Gahanna sent an email the other day that I thought was the best summary of how and why to cast votes this year for Ohio Issues 5 and 6.  Skip’s Take:

If you are confused by the commercials about Issues 5 and 6 on the ballot, that is by intention.  The financial institutions impacted by these two ballot issues are spending millions of dollars to make sure you are confused so you will vote to favor their interests. Both of these issues are really pretty clear-cut.

 

Issue 5 is about protecting our most vulnerable citizens, especially the very poor, from predatory lending by payday lenders.  In a strongly bipartisan fashion, both Republicans and Democrats passed House Bill 545 capping the interest rate on payday loans. Governor Strickland signed it into law.  After 3 tries, the financial industry finally managed to get this issue on the state ballot. Now they are spending millions of dollars trying to overturn the legislation that would cap interest rates on loans and put some control on their predatory behavior by calling Issue 5 a job killer.  Vote Yes on Issue 5 to affirm the action of the Ohio General Assembly to stop predatory lending.

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Issue 6 is more complicated than just allowing casino gambling.  It is out of state interests interfering with the Ohio constitution.  Issue 6, if passed, would actually give the operators a constitutionally protected casino monopoly, with practically no accountability to anyone. Vote No on Issue 6 to stop out of state interests from amending our constitution so they can set up their monopoly casino.

 

Do not allow the financial industry and the gambling industry confuse you with their adds.  

 

Vote YES on Issue 5 to affirm the earlier legislative action of the Ohio State General Assembly and the Ohio governor on predatory lending.  

 

Vote NO on Issue 6 to protect the Ohio constitution from out of state meddling.

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5 Comments on Ohio Issues 5 and 6 - How I’m voting

  1. Bobby on Sat, 1st Nov 2008 10:26 pm

    2. Vote yes on issue 5! If issue 5 fails, this will set a dangerous precedent whereby industries like predatory payday lenders will attempt to buy favorable public policy via state referendum. There are already 1,600 payday lenders in Ohio, trapping hundreds of thousands in debt. We don’t need more predatory lenders. It’s time to lower interest rates on payday loans and make small loan lending fair and affordable for Ohioans. Vote yes on issue 5! http://www.yesonissue5.com

  2. Francis on Sat, 1st Nov 2008 11:38 pm

    3. Both of these issues are bad deals! Ohioans need to stop these two “predators” of the working class!

  3. Yesonissue5ohio on Mon, 3rd Nov 2008 10:16 pm

    4. Great explanation on Issue 5 and Bobby is right on – vote YES on 5 tomorrow! Don’t let the payday lenders get away with trying to buy this election.

  4. Casey on Tue, 4th Nov 2008 10:39 am

    5. Some ACTUAL COLD HARD FACTS —
    “In truth, the typical payday advance customer represents the lion’s share of America’s middle class. A typical payday loan customer is a hard working, family raising adult who does not have savings or disposable income to use as a safety net when an unexpected expense occurs.

    1)The majority of payday advance customers earn between $25,000 and $50,000 annually; (hardly low income)

    2)Sixty-eight percent are under 45 years old; only 4 percent are over 65, compared to 20 percent of the population; (surprise a majority are not senior citizens!!)

    3)Ninety-four percent have a high school diploma or better, with 56 percent having some college or a degree; (consenting mature educated adults)

    4)Forty-two percent own their own homes;

    5)The majority are married and 64 percent have children in the household; and,

    6) One hundred percent (YES–100%!!!!!!!) have steady incomes and active checking accounts, both of which are required to receive a payday advance.” (Source- PD Facts)

    VOTE NO on ISSUE 5

  5. James on Wed, 5th Nov 2008 4:06 am

    6. You guys must like big government stepping into your lives. Why don’t you move to Europe or something? How about China for that matter?
    Why not let government penalize you for eating fast food or something???? I’ve got a better idea, let’s just give ohio 100% unemployment and live off of the government since many of you above think the government can manage your money better than you can! Uh, last time I checked, the ohio government was in debt up to their eyeballs! They can just get a ‘cash advance’ from the feds. What about the common person on main street? HELLO???

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