Monday, March 24, 2008

Paycheck loans

So here I am quietly blasting away at the YMCA on the arm-bicycle.
CNN is on the middle of the three wall-mounted plasma-babies; “Issue Number One” (which purports to be the leading election issue: the economy).
Weeping and wailing and gnashing of teeth; a talking head is decrying the burgeoning credit-crisis. People are so far in debt they can’t keep up the payments.
Well, okay. Pause for ad. American Express is pushing a “plum-card;” a plum colored credit card. “Low introductory rate, then we take ya to the cleaners.”
Next is an ad for a mortgage company that promises ya can lock in a low annual rate of 5.34%. “Fork over or we foreclose!”
Finally we get an ad for “paycheck loans:” lines of credit that pay off with each paycheck.
For crying out loud, pay some fatcat for the privilege of living beyond your means.
“Never bounce a check any more.” Paycheck-to-paycheck becomes paycheck-loan to paycheck-loan.
IRONY ALERT!

  • “Plasma-babies” are what my loudmouthed macho brother-in-Boston calls all high-definition wide/flat-screen TVs. Other technologies beside plasma are available, but he calls them all “plasma-babies.”
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