The US Senate passed new bankruptcy legislation this week designed to protect credit card companies at the expense of middle class and low-income consumers (in debt in part because of credit card companies that prey on people in precarious financial situations). 18 democrats voted for the bill. At least two of those, Joe Biden and Evan Bayh, are seriously considering runs for president in 2008. I volunteered on Biden’s failed ’88 campaign (which he quit after allegations of plagiarism crippled his effort) but I can’t imagine supporting him or Bayh. Democratic leader Harry Reid also voted for the bill. Putting credit card companies before the interests of the people is a gross betrayal of the people. The US House will soon consider the legislation. Click here to send a letter to your member of the House telling them to oppose the bill.
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