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2006.12.07

Watch out for Bayh's credit card company connections

You have to background check these guys, especially since they might be president for eight years.  As blogger Ezra Klein wrote yesterday, Evan Bayh in 2001 was ranked tenth among all of Congress for credit card company donations.  No wonder he voted for a major anti-middle-class bankruptcy bill that same year:

Bayh, during this period, was 10th in the Congress for credit company donations.  But forget merely voting fortheir reprehensible bill, Bayh even voted against any amendments tosoften its reach or mitigate its harm. Now, as he suits up for apresidential run, he's relearning the language of populism.

This has to do with the 2001 Bankruptcy Reform Act, which made it harder for non-firms average Americans to declare Chapter XI, and easier for big-business.

Evan Bayh may be very smart, pragmatic and understanding of all the issues.  Yet, this is an area to be concerned about.  I hope that a populist candidate like John Edwards brings this up during a Democratic presidential debate when they begin having them in the fall of '07.

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