Thursday :: Mar 10, 2005

Snippets for Soto

by larre

Steve Soto is terrific, but he's been lax in his blog reading.

Both liberal and conservative blogs have been contributing to the sudden, unexpected upwelling of public interest -- and disgust -- over the mis-named Bankruptcy...Protection Act. If the public can remember it, there are a lot of craven Democrats and triumphalist Republicans who can be made to pay a much higher price at the polls next year than they expected.

Here's just a small sampling:

Probably the worst bill passed in the last 20 years, a shameless act of sheer special interest gifting. Of course, the Dems will not be able to use it come election time because too many of them voted for it! – Edward Miller of The Grey Matter

* * *
[T]he bankruptcy bill... is the most heinous piece of legislation to come out of the republican congress so far and it is a potent symbol of the worst kind of special interest manipulation in that it blatantly hurts middle americans while protecting the interests of the rich and big business. * * * [T]here is no excuse for the DLC not to understand how fundamental this kind of corporate racketeering is to average Americans. It goes against everything Democrats believe in. – Digby at Hullabaloo
* * *
Translated from the convoluted language of legislation, abortion clinic fire bombers will continue to receive bankruptcy protection, while bankruptcy courts can continue to evict the elderly and infirm from their homes, or penalize military personnel who return from Iraq to find their shop out of business. * * * Both parties voted for this bill, although the GOP did so unanimously; the amendments to the bill, proposed by ranking Democrats, were of course defeated with Democrat turncoats. - Hobson’s Choice
* * *
[T]he [bankruptcy] bill also fits into a wider pattern, one that Paul Krugman discussed in his recent column on the bankruptcy bill: "the "risk privatization", a steady erosion of the protection the government provides against personal misfortune, even as ordinary families face ever-growing economic insecurity."

Check for yourself: Lifelong employment? Gone. Employer-provided health insurance? Going. Unemployment benefits? Shortening. Length of average unemployment? Increasing.

Add to that these recent attacks against bankruptcy protection and Social Security, and the picture becomes clear. And ugly, especially for the middle classes who can no longer rely on staying middle class. Echidne of the Snake

* * *
Josh Marshall is now featuring an unusual Special Bankruptcy Bill Edition authored by Harvard Law professor Elizabeth Warren and several students. Money quote:
[T]he bankruptcy bill now moving on a fast-track through Congress isn’t fair. It beats up the average family already staggering under the weight of bad luck and huge debts, while it lets real abusers go free.
Second money quote:
While all politicians certainly engage is such cynical maneuvering, in recent years it appears that Democrats have appeared more willing to take this approach, at the price of looking like they stand for less.
Third money quote:
This bankruptcy bill was largely written by a credit industry lobbyist and, as he put it, shopped to a friendly Congressman. From the outset, the bill was supposed to be an easy push, “assured of passage,” something that would stay below the radar screen.

But you changed all that.
* * *
[Y]ou pushed up the cost. You made it obvious that Joe Biden isn’t there for working families. You highlighted the fact that Dick Durbin fought like a tiger for military families. You exposed how Tom Carper cares more about credit card companies than families. You cheered when Russ Feingold, Patrick Leahy and Mark Dayton tried to make things better. You watched Senator Feinstein speak with courage. You highlighted how Ted Kennedy, once again, forced a tough fight that others wanted to duck.

Because of this fight, there will be no quiet, smooth passage for this bill. Instead, folks are now on record: 58 voted against giving just a little protection for military families set upon by predatory lenders. 74 voted against a 30% usury cap, saying the credit card companies are free to take whatever they can get. 58 voted against treating families beset by cancer and diabetes differently from those that run up bills on fancy vacations and over-priced nonsense.

From the conservative
Taking someones house to pay their bills because they have gone into bankruptcy due to illness or an ill spouse or child is immoral, wrong, unChristian and unAmerican.

larre :: 9:35 PM :: Comments (8) :: Digg It!