Back in March, I wrote to the Democratic Party:
And how the hell could you have laid down and rolled over for the bankruptcy bill? If there was ever a bully pulpit to stand behind and use to point out the corporatist flaws of the GOP, this was it.
Note that I’m not opposed to government actions that help corporations; sometimes what’s good for G.M. is actually good for America.
But this was such a clear-cut case of taking from the weak and giving to the rich with no public purpose except giving more to those that have that my head is swimming.
And the missed opportunity for the Democrats to define themselves – by challenging irresponsible and rapacious lending as much as they are challenging irresponsible borrowing – boggles my mind.
And today, reader Robert Martin emailed me this story from the New York Times:
…four weeks after New Orleans flooded and tens of thousands of other residents of the Gulf Coast also lost their homes and livelihoods, a stricter new personal bankruptcy law scheduled to take effect on Oct. 17 is likely to deliver another blow to those dislocated by the storm.
The law was intended to keep individuals from taking on debts they had no intention of paying off. But many once-solvent Katrina victims are likely to be caught up in the net intended to catch deadbeats.
So thanks, Congressman Moran (D-MBNA), (along with Senator Mary K Landrieu (D – LA) – hat tip to commenter PD Shaw) – and the 72 others who voted for this bill:Andrews
(the names with a * also voted to repeal the estate tax – hat tip to The Left Coaster)