I hope someone challenges him in the primary next time around and gets lots of funding from across the country to beat the guy. really, I do. That should be a targeted seat for anyone who cares about the party.
From TPM:
http://www.tpmcafe.com/blog/electioncentral/2006/nov/15/steny_hoyer_answers_your_questionsTPM Reader KS:
Mr. Hoyer, please explain how the passage of the bankruptcy bill last year will actually benefit anyone OTHER THAN the credit card companies and the big banks in light of the rising expense, employment instability, and healthcare uncertainty of living in the United States, especially given that more than half of all bankruptcies filed by individuals in the past were in response to a single catastrophic event, such as losing a job or experiencing a health-related crisis.
HOYER:
I voted for it because I believe in personal responsibility. For people who incur debt but can't pay through no fault of their own because of a catastrophic event, obviously there needs to be protections.
GS:
But who does the bill help other than insurance companies and big banks?
HOYER:
The incursion of substantial debt and bankruptcy not through catastrophic events I think hurts consumers in that it makes debt more expensive. simply charge higher rates to cover their losses. We can bring prices down for consumers by insuring that those who incur debt pay that debt.This is garbage. Unbelieveable answers from him. Debt is NOT cheaper. There were NO protections for catastrophic events. There were no consumer protections inserted into the bill, it's simply a bill for the banks and doesn't even stop predatory lending. His answer makes no sense.
Sad, really.