So that you won’t need to run after payday loans, President-elect Barack Obama is planning to get you extra cash. He is proposing a tax cut and what he calls the Make Work Pay Credit. It’s a different strategy for stimulating the economy. So far all the efforts that have been made by the current administration to get the economy back on track seem to be hurting instead of helping and the need for a payday loan with many people has increased. It’s impossible to tell the future; maybe the steps that have already been taken will help straighten things out in the long run. But the economy has been growing steadily worse since the mortgage crisis and the credit crunch hit. Obama is hoping that bigger checks on payday will help restore consumer confidence so you won't need to take out a payday loan.
