By Dave Anderson:
Yesterday, I received one of the best pieces of pro-Democratic mail that I had seen in years. And it was not even from a candidate or a party committee. The mailer was from Bank of America, as I have a credit card with them.
The first paragraph is a great brag about an accomplishment of the Democratic Congress:
Dear David Anderson:
As our customer, we want you to know how you may be affected by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which goes into effect in February 2010. Changes resulting from the Act are intended to make it easier for you to manage your account....
And then it lists the changes. The changes are simple, reduce my risk and uncertainty, minimizes some of the truly scummy tricks that often catch people in the late-fee tango, and clarifies the rules and language in the fine print. Oh yeah, the changes will save people money if they carry balances with multiple interest rates as the most expensive balances are now paid off first instead of the low-rate balances.
All in all, not a bad piece of work that provides tangible benefits for consumers and voters.
Now let us see if Democrats brag about their work because this is a clear differentiating policy between the two parties as virtually no Republicans voted for this bill. The 2010 election will be a base election between two bases with widely divergent views on government. Delivering the goods and demonstrating the positive benefits of an active government that can counterbalance large corporate actors is a core motivator for a decent chunk of the Democratic Party base. Let us see if the Dems brag about actually delivering on a promise.
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