There’s an op-ed today in the Wall Street Journal co-authored by Bill Clinton and Arnold Schwarzenegger. If that sets off your B.S. alarm, join the club:
The American dream is founded on the belief that people who work hard and play by the rules will be able to earn a good living, raise a family in comfort and retire with dignity.
But that dream is harder to achieve for millions of Americans because they spend too much of their hard-earned money on fees to cash their paychecks or pay off high-priced loans meant to carry them over until they get paid at work.
Here is one initiative that can unite progressives and conservatives as well as business leaders and community activists: helping the “unbanked” enter the financial mainstream by opening checking and savings accounts, and working collaboratively with financial institutions and community groups to develop and market products that work for this untapped market. This will put money in the pockets of individuals and grow the economy. And it won’t cost taxpayers a dime.
If it reminds you of another open-borders euphemism– “undocumented”– there’s a reason.
Chris Kelly exposes how the push to aid the “unbanked” is a scheme to help banks profit from money that was earned illegally: “Instead of fighting against such government corruption, Bill Clinton and Arnold Schwarzenegger are promoting it. Pardon me if I have difficulty thinking of both of them as little more than crooks.”
Flashback: Bank of Illegals in America backlash
Flashback: Bank of Illegal Aliens in America
Flashback: The Illegal Alien Gold Card
Flashback: Banking on illegal immigration
Flashback: Banking on American stupidityblog comments powered by Disqus
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