When you find yourself on the same side as four partisan DemocRATs like
Ted Kennedy, Russ Feingold, Dick Durbin and Charles Schumer you are not
thinking like a Republican.
This bill is a hugely bad idea -- in my opinion -- because it's going to play havoc with the banking system. Again, just my thoughts -- but I see two waves hitting the banks. The first is the massive number of people who'll rush to file Chap 11 under the old rules. Some of these people would have been on the fence and continued to pay off the bills, but since this is the last chance to walk away, many of them will take the opportunity.
Secondly, once people start failing in a significant way -- and it's gonna happen. They're gonna start losing their homes. Banks are not only going to end up with a lot of homes to sell (something they don't like to do) but if the numbers reach a certain level (as yet to be determined) it's going to drive prices down, so the banks end up upside down on all those mortgages.
This bill seems to be a real exercise in being real careful what you wish for...
I wish you wouldn't say stuff like that. Who cares what political party a person identifies with? We can all agree on common things. We have the responsibility to lead, and to unite this country.
There is another word for people who care more about their party than what is right: communists.
Stop sounding like a Leninist, and start trying to have a real debate, to try to make our country as great as it should be.