Biden said he is from working class stock and has always championed the causes of the low-income working people, single mothers, minorities and the elderly. This article is very disturbing because it is suggesting Biden is a phony. The way things are going someone will allege Ted Kennedy is hopeless, pitiful inebriate who should be in prison for murdering Mary Jo Kopecny.
WASHINGTON - A son of Democratic vice presidential candidate Joe Biden was paid an undisclosed amount of money as a consultant by MBNA, the largest employer in Delaware, during the years the senator supported legislation that was promoted by the credit card industry and opposed by consumer groups.
Barack Obama's presidential campaign said Biden helped forge a bipartisan compromise on the measure, which is now law and makes it harder for consumers to obtain bankruptcy protection in the courts.
MBNA's consulting payments to Hunter Biden, first reported by The New York Times, followed his departure in 2001 from the company, where he had been an executive.
Obama opposed the bankruptcy law, enacted in 2005, while Biden supported it.
David Wade, a spokesman for the Obama campaign, said that "after working in the Clinton administration in the Department of Commerce on Internet privacy and online commerce issues, Hunter consulted for five years as an expert on these very same issues at a time of enormous expansion in online banking."
At the time Hunter Biden was receiving consulting payments from MBNA, he also was a Washington lobbyist at a firm he had co-founded.
"He was not a lobbyist for MBNA, and his work had absolutely nothing to do with the bankruptcy bill. Zero. Nothing," said Wade.
Resurrecting Biden's role in the bankruptcy legislation could undercut one of the Obama campaign's lines of attack: That his Republican opponent, John McCain, is insensitive to the financial woes of middle-class Americans.
Consumer and civil rights groups and unions, as well as Democratic opponents, had argued that the bankruptcy legislation was unfair to low-income working people, single mothers, minorities and the elderly, and would remove a safety net for those who have lost their jobs or face mounting medical bills.
The financial services industry made the case that bankruptcy frequently is a refuge of gamblers, impulsive shoppers, divorced or separated fathers avoiding child support, and multimillionaires who buy mansions in states with liberal exemptions to shelter assets from creditors.
When the Senate Judiciary Committee approved the bill early in 2005, Biden, Dianne Feinstein of California and Herb Kohl of Wisconsin were the only Democrats to vote with the Republican majority. Biden also voted for the bill on final passage in the Senate, while Obama voted against it.
MBNA employees have poured more than $200,000 into Biden's Senate campaigns over the past two decades, making donors working for the credit card company the senator's largest source of campaign money.
On the bankruptcy bill, the senator "took plenty of knocks from the largest employer in his state because he demanded changes," said Wade, the Obama campaign spokesman. "Sen. Biden improved the bill for low-income workers, women, and children. There were times when he believed amendments on both sides would have blown up a bipartisan compromise backed by three quarters of the Senate. At those moments, Sen. Biden had to make the tough calls and he voted to pass a bill."
In a separate matter in which Hunter Biden's lobbying activities were referenced, he and Biden's brother Jim have been sued for allegedly defrauding an ex-business partner.
In the lawsuit filed last year in state court in New York, Anthony Lotito says that he got a call from Jim Biden in early 2006 saying that Sen. Biden was concerned with the impact that Hunter's lobbying activities might have on the senator's expected campaign for the 2008 Democratic presidential nomination.
According to the lawsuit, Jim Biden said his brother had asked him to seek Lotito's assistance in finding employment for Hunter in a non-lobbying capacity.
The lawsuit says that Lotito later was cut out of a business arrangement with Jim and Hunter Biden to purchase a Wall Street hedge fund.
Nicholas Gravante, a lawyer for the Bidens, said that Lotito's claim that Sen. Biden told his brother that he was concerned about his son's lobbying activities is completely baseless.
"There is absolutely no connection between Joe Biden and this lawsuit. The case is without merit and it will be dismissed," said Gravante, a partner at the firm of Boies, Schiller & Flexner.
An attorney said the lawsuit is baseless so it must be true. Attorneys don't lie. John Edwards is proof of that attorneys don't lie.
http://news.yahoo.com/s/ap/20080825/ap_on_el_pr/biden_mbna
Michelle Obama was a lawyer in a top firm before becoming a chief executive at at non-profit earning $317,000 a year. I don't begrudge her this because she earned it. But what is this "we had to overcome so much" act the Obama's are playing? They both grew up in middle-class income families and both attended Ivy League Universities. Spare me this "Coal Miner's Daughter" bullshit.
I can hardly wait!!-------AAAAAaaaaaaaaah!
And a little sidebar--- How is B. Hussein Obama going to take care of all the lefties when he can't even lift one little finger to help his own half brother!!! Oh--- I forgot---- He's a brodda from anotha motha!!!!!!!!!!!!!! aaaaaaaaaaah!
How much has Cindy McCain helped her half sister who was left out of the $300 million will.????
Not the same thing. The 1/2 is a doper, which is why she was left out of the will so she wouldn't use the cash to kill herself. Hardly the same thing.
Also, I kinda doubt she's in the same straits as old George Obama where a $100 bill would triple his annual income. Five grand and he could change his name George Trump.
lol, that's ironic.. because cindy mccain is/was also a doper.
Looking at both sides.. If you are dragging drugs into it ..Obama was also a doper.
Perhaps that explains the memory loss..
http://www.youtube.com/watch?v=EpGH02DtIws
have you been listening to what they're saying? let's see, michelle's parents never went to college. her father worked hard, often late night shifts. they were middle class, but probably in the lower end. michelle EARNED her way to college. she had to work hard in order to get into college (scholarship) in a society that impedes the progress of black people. her parents didn't have the money to send her to school, so she had to find a way on her own. having a difficult upbringing isn't exclusive only to income level either. barack didn't have a father figure growing up.
She wants us to celebrate and indentify with her life, hardships and successes through hard work. All to what end? So she can create a system that destroys all that culture by confiscating GaGambler's wealth to use for the next generation to get a free ride?
And just what will THOSE children speak of at their convention in 2036? And who will pay for it once GaG disappears?