Bankruptcy "cramdown" reform went down to defeat in the Senate today.
...Senator Durbin is correct to say that this defeat shows the financial services industry owns the Senate. It also shows that if you are looking for a progressive transformation of society, focusing on electoral politics and legislative fights is completely inadequate.
Did anyone see any mass mobilization on this issue before the vote?
Maybe I live a cloistered life, only being online 10-16 hours a day -- but I sure didn't.
One big thing I learned in the Net Neutrality fight, when I led MoveOn's campaigning on that issue, was that given an environment where the only people Congress hears from is corporate lobbyists, they vote with corporate lobbyists.
STATE BLOGS
