Wednesday, March 24, 2010

Dolly Parton Takes on Senator Bob Corker

Thank you, Dolly:

During an interview with radio station WAXO-1220AM (Kickin' Country) in Lewisburg, Tenn., Dolly took Senator Bob Corker (R-Tenn.) to task over his refusal to regulate the nation's payday loan industry, which charges a whopping 400 percent interest rate to military families and unemployed workers for short-term loans when they're short of cash.

Dolly chided Corker for alleged "behind closed door" efforts to allow the high interest rates to continue.

"For a dad and a mom trying to raise some kids on a military paycheck, a 400 percent interest rate is not just dumb, it's un-American," said the superstar, adding that the U.S. Senate is currently looking at reducing the maximum rate charged for payday loans from 400 percent to 36 percent. "Growing up poor, I know the hardship and tragedy that money matters can cause to a family," she added.