31st CD: Joe Baca and The Revolving Door

The revolving door. It is a feature of American politics, whenever a Congressmemeber or a person from any administration retires, resigns, or quits they immediately go join a firm where they use their contacts to influence the very folks they used to be apart of or worked for.

Why? Because these contacts are worth money, sometimes big money and here is case in point.

After being summarily fired by the folks in the 35th Congressional District, Joe Baca co-founded a lobbying firm called the Financial Services Innovation Coalition. This coalition specializes in keeping regulation lax for predatory payday loans to low income families and veterans. 

According to the California Department of Business Oversight, San Bernardino  has 51 active payday lending institutions the most in San Bernardino County.

And if you think that payday lending is banned for veterans and military service-members, think again! 

Oceanside has 29 active payday lending institutions with most located within 15 miles of Marine Corps base Camp Pendleton.

Collecting lobbyist cash, while keep the poor impoverished and veterans and in debt is the Joe Baca way.