Good heavens. I thought Bush II Fraudulency had signed bankruptcy benefits for credit card companies (also known as "reform") into law months ago. It's actually been sitting quietly in the Senate all this time. I suppose they thought that if they sat on it long enough, it would fade from view and they could get it through without the public really noticing. And hey! that seems to have been mostly what happened.
I'm terribly impressed that the one provision the Shrubster is opposed to is the one that benefits the wealthiest. After all, how many people are in a position to buy a home in Florida or Texas (hmmm ... land of the Bush, imagine that ...) or the other states with unlimited exempitions and then declare bankruptcy? (In any event, most honest people with homes worth that much money would probably already have tried to sell it to get out from under the debts, or at least tried to refinance it. And I'm not particularly in favor of laws that would require people to lose homes of any value, but then, I think this particular "reform" law stinks to high heaven.) That said, if including the cap in the bill is something that will make His Fraudulency flatly refuse to sign it, by all means, include it in!
And of course, with unemployment rising, and the economy continuing to soften, and bankruptcies expected to hit an all time high, this would be the perfect time for the Shrub to demonstrate his "compassionate conservatism" (pardon me while I hurl) and not sign the damn thing. No doubt, however, when he signs it, he'll call it tough love or some such, as further evidence of his compassion for corporations ... er, pardon, as evidence of his compassion for the little people.
Copyright © 2001, Iain Jackson, after-words.org
[Archives: 2001 and after]
Archives before February 5, 2001
Search entries:
12/19/2001: vive la france
12/19/2001: princess, redux
12/19/2001: yemen and rumsfeld
12/18/2001: you're NOT in the army now
12/18/2001: interesting donation
12/18/2001: shame on winn dixie, indeed
12/18/2001: saudi princess
12/17/2001: new resolve
12/17/2001: a victim of the attack ... yeah, right
12/17/2001: polluters ho!