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02/21 02:17 PM

Valuing-Families

GA: Rep. Earl Ehrhart Goes to Bat for Corporate Interests. Again.

If you've read PLAN's report on how the right-wing operates in the states, Rep. Earl Ehrhart's name probably rings a bell. The Georgia legislator is a past chairman of ALEC and takes the cake for his unsurpassed willingness to loudly and proudly announce his desire to work for the corporate interests who line his pockets.

So it shouldn't be too surprising to read today in the Atlanta Journal-Constitution that Rep. Ehrhart is really working hard on behalf of title loan companies, who provided over $15,000 in campaign contributions to Ehrhart last year alone.

The bill that Ehrhart is carrying is, like most legislation, straight from ALEC. And why is it so bad?

Well, under current Georgia law, 300% is the maximum allowable interest on a title loan. Under Ehrhart's ALEC-backed proposal, even that standard is gone.

Think about that for an instance. 300% APR isn't high enough. These creditors aren't even willing to settle for usury. They're plainly aiming for extortion.

Meanwhile, Rep. Ehrhart is laughing at his fellow Georgians, declaring his own bill to be "comprehensive" and "consumer-friendly." Luckily, consumer groups aren't buying it and are fighting back.

Rep. Ehrhart's Greatest Hits
Rep. Ehrhart is a seasoned pro at doing his best to take care of the people who take care of him.
  1. Let’s hope PLAN works! I found this in the alley by our garage and had been planning to blog on it for a few days. The document shows the 460% annual interest rate check cashing companies charge. It comes as no surprise that they give plenty of money to people like Ehrhart.


    AndyW    Feb 21, 03:20 PM    #
  2. Sorry, the html in the post seems to have disappeared. The above post refers to this document:

    http://andrethegiant.blogspot.com/2006/02/loan-sharks.html


    AndyW    Feb 21, 03:38 PM    #
  3. Wow, Andy. $45 for $255. But, hey, I’m sure the big companies are barely covering their administrative costs. They really deserve sympathy, y’know?


    Matt Singer    Feb 21, 03:50 PM    #
  4. Corporations are our friends. Just ask them.

    Thanks for the reply.

    Andy


    AndyW    Feb 21, 05:14 PM    #

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