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December 08, 2006

The economy...What Democrats can do

  • Rewrite those insane bankruptcy laws and allow an exemption up to $400,000 for a primary residence.

  • Eliminate 'universal default'

  • Establish a national usury limit for credit cards and other debt. This would be similar to the Fed regulations that prohibit high-cost mortgages. Link the rate to a range above and variable with published interest rates

    • The economy is slowing. Make no mistake about that. Tax cuts won't help, so what's left? It's time to do something for the economic security of the middle class. These ideas would be a great first step.

    Posted by mcblogger at December 8, 2006 02:15 PM

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