(Please read the whole article. Some interesting revelations, that answer alot of questions some of us have had. No wonder Biden is always on the Talking Head/Pundit Shows!)
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Delaware: America's First State...in Democratic selloutsThat's funny, because we started thinking as we were preparing this blog post, why is it that Joe Biden is the first Democrat who's willing to sell out his party's working class base, to favor a rich and powerful campaign contributor from his home state?
And why is his Delaware Senate colleague, Sen. Tom Carper, willing to drink MBNA's Kool-aid at the same time?
Biden and Carper were two of the 14 Democrats who thwarted efforts to prevent passage of the federal bankruptcy bill . That measure is long a favorite of Wilmington-based credit-card giant MBNA, because it will make it harder for debt-plagued Americans (many of whom were lured down the path to insolvency by aggressive credit-card marketing tactics) to clear the debt in bankruptcy court. In a 2005 America where the big corporation seems to always beat the little guy, this is a pretty big win for the money boys.
Biden's been carrying MBNA's water on this issue for years. In 2000, when the plan was effectively stalled because a real Democrat named Bill Clinton was in the White House, he even tried to attach the bankruptcy changes to a foreign aid bill.
Why is Biden such a big fan. Those less cynical than us might argue that, well, MBNA does employ a lot of people in Delaware. True -- but could it also be because MBNA is Biden's biggest contributor -- by a good margin. According to Opensecrets.org, Biden raised some $147,700 in contributions from MBNA employees from 1999-2004, his biggest source of campaign cash.
http://www.pnionline.com/dnblog/attytood/archives/001551.html