Open Left

Bankruptcy (4.00 / 2)

We must repeal the bankruptcy "reform" when Obama takes office. Not re-negotiate it. Repeal it, tear it up and toss it on the compost heap. If Biden makes a loud, 180-degree about-face on all such banking issues, he would be barely acceptable.

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by: mildewmaximilian @ Mon Aug 18, 2008 at 11:32:33 AM CDT

Once out of Delaware (0.00 / 0)

He probably wouldn't care.  And his son would be the Senator and start collecting the MBNA checks.

John McCain--He's not who you think he is.

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by: Mimikatz @ Mon Aug 18, 2008 at 12:25:15 PM CDT

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I will say one thing about the Bankruptcy Bill... (4.00 / 1)

As someone who had to file last year after my business failed and I borrowed a TON on my credit cards to keep it afloat and pay my bills (yes I realize the irony), I think the new law sucks.  BUT.... it does pretty much assure you of no surprises.  Those who get in CH 7 are in...They don't have to worry about a judge screwing them later.   Its the CH13ers that really got shafted, not to mention the BS length it stays on your record.  

Personally I am fine with limits on how many times you can file CH 7 in a time period.  Unless you get really sick and the CH7 is due to medical (which should be an exception), then there is something seriously wrong if you file twice in a few years time.   And abuse should not be tolerated (like the Simpsons where homer finishes his basement and then tries and files CH7)... but people should be allowed this forgiveness... It helps them out and really does give them a fresh starts.  There are a few aspects of the bill that aren't bad (required counseling for example) but it does need to be rewritten.

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by: yitbos96bb @ Mon Aug 18, 2008 at 13:58:47 PM CDT

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For me, that's the real killer (0.00 / 0)

and I don't see what Biden brings to the ticket that Dodd wouldn't (n.b., I support Sebelius if Gore really won't take it), unless Obama really wants to buy into Biden's proposal to impose a partition of Iraq into Sunni, Shi'ite, and Kurdish sectors, like it or not.  (Is that what we want to be debating for the next two months?)

But here's my impression of an GOP spokesperson if Biden is chosen:

Obama says that we're not paying attention to the middle-class, but as his Vice-Presidential choice Joe Biden said when he sponsored the bill to make it harder for people to file bankruptcy....

Obama's proposals on housing are at odds with what his Vice-Presidential choice Joe Biden said when he was pushing the bankruptcy bill....

I don't understand why Barack Obama talks about predatory lending practices when his running mate Joe Biden wrote the bill making it harder for people to declare bankruptcy....

Joe Biden showed that he could work with Republicans on economic issues when he authored the Bankruptcy Bill, but Barack Obama stuck to his party line....

I thought that the Cubs did pretty well in that last playoff game, which reminds me that Barack Obama's running-mate Joe Biden sponsored the bill making it harder for people to declare bankruptcy....

My wife will have the Oysters Rockefeller and I'll have the Joe Biden made it harder for people to declare bankruptcy, which John McCain supported because he was a POW rather than a lobbyist like Biden....

Arf-arf-arf Joe Biden arf-arf-arf-arf made it harder to declare bankruptcy arf-arf.

Remember, these are Republicans aiming for low-information voters.  It doesn't have to make sense.  It just has to work.

I speak only for myself, not for those voices in the next room that won't leave me alone.

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by: Major Danby @ Mon Aug 18, 2008 at 19:54:46 PM CDT

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