Monday, March 07, 2005

Bankrupt Politics

I'm linking to this post at DailyKos about the Leave No Credit Card Company Behind Bill, aka, the "bankruptcy bill" the Republicans are trying to ram through Congress.

Among the things I find deeply troubling about all this is the roster of Democrats that have been consistently voting with the Republicans on a series of amendments designed to aleviate the bill's adverse effects.

Two of the Democratic Senators that are carrying the water for credit card companies on this bill are not surprising--Delaware's Biden and Carper. MBNA is headquartered there as are a number of other credit card outfits calling Delaware home because of that state's favorable corporate tax policies.

The other two--Nebraska's Nelson and South Dakota's Johnson are more of a puzzle. I seem to recall that CitiBank has an operation in South Dakota or did at one time. That could be the basis for Johnson's vote. As for Nelson, I don't know.

But these two fellas are from the plain states, The Heartland, home of the original populist movement and the opposition to the wall street money cartels. And they're supposed to be Democrats. So what in the name of George W. Norris is going on out there? I wonder what the balance is of creditors to debtors out there in SD and Nebraska?

I take you back to President Truman:

I wonder how many times you have to be hit on the head before you find out who's hitting you?...

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