Chris Hedges | How Bankers ROBBED and ENSLAVED America
https://www.youtube.com/watch?v=gZnwIyQjCOg
Chris Hedges | America's RIGGED Justice System
https://www.youtube.com/watch?v=LP5fQ4wDk2Y
8 Signs That The US Is Heading To 21st Century Great Depression: Prepare Your Self For The Worst!
https://www.youtube.com/watch?v=xx3p0qS3O5Y&t=13s
Bank Meltdown Is Coming As Latest Data Reveals Something Is Terminally Broken In The US Bank System
https://www.youtube.com/watch?v=Ht-A6EgX6jk
BIDEN WAS SELECTED BY BANKSTER-OWNED OBAMA BECAUSE OF HIS LONG HISTORY OF SERVING THE BANKSTERS!
Biden backed brutal bankruptcy bill in 2005
By Chris Talgo
In 1999, then-Sen. Joe Biden (D-DE) declared, “I’m not the senator from MBNA.” Apparently, Biden felt it was necessary to clarify that he did not exclusively represent credit card giant MBNA because his constituents were thoroughly confused, based on his track record of being a shill for credit card companies located in the First State.
Then, six years later, Biden inserted his foot directly into his mouth (again) when he championed the notorious (and ill-named) Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). A more appropriate name could have been the Act to Protect Credit Card Companies and Shaft Students and Workers.
In short, BAPCPA was a terrible bill that favored credit card companies, big banks, and millionaires over working-class borrowers. It also is solely responsible for the fact that student loan debt is totally impossible to dismiss -- even after one has declared bankruptcy.
Wait a minute, I thought Joe Biden was the consummate defender and advocate of the working class and oppressed. Far from it. In reality,Biden’s political career of more than four decades was predicated upon protecting the interests of credit card companies.
And he and his son, Hunter, were compensated handsomely for doing so. According to a 2019 GQ article titled “How Biden Helped Strip Bankruptcy Protection From Millions Just Before a Recession” -- “one of the biggest credit card companies in Delaware, MBNA, hired Joe Biden's son Hunter in 1996. Even after Hunter became a federal lobbyist in 2001, he stayed on at MBNA as a consultant at a fee of $100,000 per year, meaning he was pulling in a six-figure salary at the same time his father was pushing for the industry's top priorities.” Can you say, quid pro quo, Joe?
As if the backroom deals and “you scratch my back, and I’ll scratch yours” shenanigans that Biden blatantly engaged in before, during, and after BAPCPA was passed were not bad enough, the bill wrought untold damage among the very people Biden constantly claims to protect.
According to Adam J. Levitin, professor of law at Georgetown University, BAPCPA “was perhaps the most anti-middle class piece of legislation in the past century.” And, as Levitin writes, “Biden used his clout to push for the law’s passage and to defeat amendments to shield servicemembers, women, and children from its harsh treatment. When votes were taken, ‘Middle-Class Joe’ was no friend to the middle class.” It sure seems that Biden abandoned his Lunchbox Joe persona when it came to voting in favor of BAPCPA, not to mention that he strongly supported amendments that made the bill even more hostile to the middle class!
And adding insult to injury, Biden also voted against several amendments that were specifically meant to help several “underprivileged” groups. As Levitin writes, “He voted against three amendments to ease bankruptcy requirements for consumers whose financial troubles stem from medical expenses. He voted against an amendment that would have helped seniors keep their homes. He voted against exempting servicemembers and widows of servicemembers killed in action from the law’s eligibility restrictions. He voted against an amendment to exempt women whose financial troubles stemmed from deadbeat husbands’ failure to pay child support or alimony. And Biden even voted against an amendment that would have ensured that children of debtors could still be given birthday and Christmas presents. Biden also voted against allowing debtors to pay their union dues during bankruptcy, potentially imperiling their employment and ability to achieve financial rehabilitation.” Could Biden’s voting record on this bill get any worse? Actually, yes.
Not only did Biden strongly oppose BAPCPA amendments aimed to help “disadvantaged” groups, he voted for two giant loopholes that effectively allowed millionaires to shield their assets from collectors after they filed for bankruptcy. What a joke, Joe.
As a senator, Biden vigorously voted for several similar bills. In short, based on his voting record, Joe Biden is not (and never was) a champion of disadvantaged Americans, unless you consider multi-billion-dollar credit card corporations and millionaires “disadvantaged.”
Chris Talgo (ctalgo@heartland.org) is an editor at The Heartland Institute.
Big Business Lobby Urges Lawmakers to Quickly Pass ‘Infrastructure’ Bill
The big business lobby is urging lawmakers to quickly pass the so-called “infrastructure” bill, crafted by a group of Senate Democrats and Republicans, that was officially unveiled on Sunday evening.
In a campaign, the Chamber of Commerce — representing corporate interests — is urging members of Congress to “enact infrastructure legislation now” ahead of the August recess.
“We are taking nothing for granted, and we’re continuing to work with every senator to guarantee growing support through this process to get to the final passage vote,” Chamber of Commerce executive Ed Mortimer told The Hill.
Likewise, executives with the Business Roundtable — which also represents corporate interests — announced their support for the bill, asking Congress to pass the bill “as soon as possible.”
“The Infrastructure Investment and Jobs Act presents a significant opportunity to modernize our nation’s physical infrastructure and reach the full productive potential of the U.S. economy,” the group said in a statement:
This legislation also contains important policies to unlock private capital, encourage public-private partnerships, improve the permitting process and ensure our nation’s infrastructure is sustainable and resilient. And importantly, the bill contains provisions to make certain the benefits of infrastructure modernization reach rural and traditionally underserved communities across the country.
As Breitbart News has detailed, the bill would, among other things:
- Allow federal agencies to bypass “Buy American” rules
- Define “gender identity” as a protected class of citizens
- Provide no funding for a border wall at the U.S.-Mexico border
- Impose state-mandated carbon reduction programs
- Use racial quotas to expand broadband across the U.S.
- Fund processing centers to quickly move migrants into the U.S.
The big business lobby is hoping the bill is tied to a filibuster-proof reconciliation package that would give amnesty to millions of illegal aliens — a boon for corporate interests who have long sought to inflate the U.S. labor market, drive down the price of labor, and grow the number of consumers in the country to boost profit margins.
The bill was crafted by nine Senate Republicans and a group of Senate Democrats. The Senate Republicans include Richard Burr (R-NC), Bill Cassidy (R-LA), Susan Collins (R-ME), Lindsey Graham (R-SC), Lisa Murkowski (R-AK), Rob Portman (R-OH), Mitt Romney (R-UT), Mike Rounds (R-SD), and Thom Tillis (R-NC).
Meanwhile, 18 Senate Republicans supported advancing the bill through the Senate without ever reading the legislation’s final draft, including Roy Blunt (R-MO), Richard Burr (R-NC), Shelley Moore Capito (R-WV), Bill Cassidy (R-LA), Mike Crapo (R-ID), Lindsey Graham (R-SC), Mitch McConnell (R-KY), Lisa Murkowski (R-AK), Rob Portman (R-OH), Jim Risch (R-ID), Mitt Romney (R-UT), Thom Tillis (R-NC), Todd Young (R-IN), Chuck Grassley (R-IA), John Hoeven (R-ND), Kevin Cramer (R-ND), Susan Collins (R-ME), and Mike Rounds (R-SD).
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
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