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Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!
 

Peacetrain

(22,874 posts)
Sat Mar 7, 2020, 11:49 AM Mar 2020

To both Biden and Sanders here is something you can use

when the Trumpians attack Democrats as bid spenders.. remember the auto bailout.. that was a loan not a free giveaway.. The auto industry paid us back with interest.

Democrats know how to handle finances.. where to invest to get the biggest return and keep the nation healthy financially for future generations.


If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
1 replies = new reply since forum marked as read
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To both Biden and Sanders here is something you can use (Original Post) Peacetrain Mar 2020 OP
Joe's record in this space isn't so great. CentralMass Mar 2020 #1
 

CentralMass

(15,265 posts)
1. Joe's record in this space isn't so great.
Sat Mar 7, 2020, 02:08 PM
Mar 2020
https://www.pastemagazine.com/articles/2018/01/the-case-against-joe-biden.html

"The former Delaware Senator’s top campaign donor over two decades was the financial services company MBNA. As one might expect, Biden was a reliable ‘yea’ vote for President Bill Clinton’s bank deregulation. He voted for the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, enabling commercial banks to do business across state lines, and the Gramm-Leach-Blilely Act of 1999, overturning Glass-Steagall, which separated commercial and investment banks. According to the Senate report on the subprime mortgage crisis, “Wall Street and the Financial Crisis: Anatomy of a Financial Collapse,” the effect of these two laws was to centralize the decentralized US banking system, consolidating power and risk into a few institutions now referred to as “too-big-to-fail.”

Biden called his Gramm-Leach-Blilely vote, “the worst vote I ever cast in my entire time in the U.S. Senate.”

Biden also demonstrated his fealty to finance in 2005 when he, like Hillary Clinton, backed the innocuously named Bankruptcy Abuse Prevention and Consumer Protection Act, heavily pushed by MBNA, which weakened bankruptcy protections for consumers. As the New York Times noted in August of 2008, Biden was one of the earliest supporters of the bill, voting for it four times until it passed. He “was one of five Democrats in March 2005 who voted against a proposal to require credit card companies to provide more effective warnings to consumers about the consequences of paying only the minimum amount due each month.” Biden also helped “defeat amendments aimed at strengthening protections for people forced into bankruptcy who have large medical debts or are in the military,” and “was one of four Democrats who sided with Republicans to defeat an effort…to shift responsibility in certain cases from debtors to the predatory lenders who helped push them into bankruptcy.”"
If I were to vote in a presidential
primary today, I would vote for:
Undecided
Latest Discussions»Retired Forums»Democratic Primaries»To both Biden and Sanders...