You're up | Arkansas Blog

Sunday, February 27, 2011

You're up

Posted By on Sun, Feb 27, 2011 at 5:54 PM

Sunday line is open. Storm watch in effect.

It roared through here earlier this afternoon with a stormy note from preacher, financial adviser, Rotarian, NRA stalwart, loan shark defender Sen. Jason Rapert, who's about to make his predecessor from Bigelow, Bob Johnson, look mighty good.

Rapert's proud leadership of Rotary reminds me of the club's famous four-way test:

Is it the Truth?

Is it Fair to all concerned?

Will it build Goodwill and Better Friendships?

Will it be Beneficial to all concerned?

I ask you: Is a $3 charge monthly per $100 borrowed (plus origination fees, carrying charges, renewal fees, etc.) a true accounting of the interest rates on the usurious loans that would be allowed in Arkansas if Rapert passes his legislation? Is it fair to a borrower? Will it build goodwill and better friendships? Will it be beneficial to all?

Rotarians, I ask you: Do you save a slot in your lineup of represented businesses for loan sharks?


* There he goes again. Mike Huckabee is lying about his tax-and-spend record. He presided over some huge tax increases — income tax, sales tax and more. (And I supported them all, don't get me wrong. But I'm willling to admit it.) Media Matters calls his hand.

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