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Showing posts with the label Biden and the Credit Card Lobby

Biden is Right this Time

Joe Biden has been denounced by the right-wing media for stating the obvious, this economy will get worse after the holiday sales are digested and the real margins for retailers are revealed. The question becomes, "What is the plan, Joe Biden?". Some of what is going on is due to the Bankruptcy Bill which Joe Biden and the ranking Democrats supported along with the Republicans in the middle of the Republican-dominated Congress during the Republican Bush Administration. Contained within the Bankruptcy Bill was everything the Credit Card Industry based in Biden's Home State of Delaware, The provisions that Biden and other Democrats supported allowed the Credit card Companies free reign in raising interest rates, shortening the grace period, raising the late fees and legalizing loan sharking for those that issue Credit Cards. Do you want to reverse some of the damage that you caused Mr. Biden? Twist some arms in the Senate to trash the current Bankruptcy Bills and push a s...