Reply #43: And you won't get an answer on that point, my friend. [View All]

Here's how it works (and everyone already knows this). If a politician is in the pockets of industry, they, in return, are allowed to dip into the pockets of that industry. And looking at it from the opposite view is equally true. If you've received lots of financial support from industry, then you are no longer afforded objectivity on legislative issues that deal with that industry.

Obviously, neither of these cases applies to Joe Biden, or else he'd have a lot more money, much of it coming from banks, particularly at a time when banks are in trouble and would very much love to get some inside help from Uncle Sam. Well, we all know which candidates have the big bucks, and it ain't Joe Biden. So when people want to complain about the financial influence of special interests, if they use Joe Biden as an example they are, at best, wrong. Otherwise, they are just trying to obfuscate some nasty truth about the candidate they're supporting.

Most likely Sen. Biden was doing 2 things: protecting jobs in his home state and that he truly believed, as I did, that the bankruptcy laws needed an overhaul. However, because the Republicans crafted the bill, the bill is going to have lots of problems, but it did some good thing too. When the other Party is in power you either make the occasional compromise in order to get something accomplished, or you just sit on your hands and wait. Biden is always trying to get something done for our nation, even if it means taking a circuitous route. He's not one for sitting on his hands.

I've told this story a couple of times already, so I'll give it here in an abbreviated version. I was in business with a guy who stole from me and our 3rd partner by pocketing money that was supposed to be going to our monthly expenses. He purposely ran up huge bills with several vendors until we were driven out of business. He filed for bankruptcy and walked away from it all with a nice sum of money in his wife's bank account and lots of new toys to play with financed by me, my partner, and those we were doing business with. This bankruptcy bill went into effect shortly afterwards and had it been in effect when this was going down, my former partner would not have been able to be granted bankruptcy status. It may not have prevented him from ripping me off, but it would have been a lot harder for him to get away with it all. Should there be exceptions allowed? Sure, but they should be the exceptions, otherwise, we should be responsible for our own financial decisions and not expect the tax payers to bail us out when we screw up, particularly when it's intentional. Sure, I'd love to be bailed out when I screw up, but I don't think it's right way to go about living our lives. I think responsibility and discipline are good things, not bad.

And before people start coming at me with, "what about when this or that happens to a person". As I've already said, there should be exceptions made for exceptional circumstances. I have no doubt what-so-ever that Joe Biden would also agree. If Sen. Biden becomes President Biden all the Democrats would have to do is write a new bill or amend the old bill and President Biden will sign it into law. Problem solved.