I’ve thought for years that there are a lot of people rolling around in new cars that really couldn’t afford them. I’ve often wondered if there aren’t “Obama cars” to go with the “Obama phones.”
I’m going to guess that the EEOC might have been leaning on lenders who had inadequate diversity in their lending portfolio.
Everytime I go to a place like McDonalds or a convenient store, I always see every worker with smart phones. I don’t understand how they afford them. I don’t even have one, I don’t want the extra $25 added to my phone bill, and I simply do not need one.
Obama phones are crappy little phones. Not sure why anyone would want one.
In the 1980s, during the Reagan administration, the Federal Communications Commission (FCC) created the Universal Access Initiative. The goal was to “promote the availability of quality services at just, reasonable and affordable rates for all consumers.” After years of study, they proposed what we now call the Obama Phone.