The Democratic Convention is slated to begin this week in Denver and I’m already disappointed about Democratic Presidential Nominee Senator Barack Obama’s choice for his Vice Presidential Candidate - Senator Joseph (Joe) Biden from Delaware.
Delaware is the state of incorporation for most large corporations in the United States because of the perception (whether real or [...]
From what I have read, Democratic Presidential Candidate Barack Obama likes to proclaim that he is free from the influence of big businesses. But Obama is in debt to credit card companies for much of his fundraising success, and the cost of processing those credit card donations over the internet is surprisingly high.
In May, I [...]
Barack Obama called for revisions to the Republican-led bankruptcy reforms passed in 2005. The proposal focused on assisting individuals declaring bankruptcy due to debts related to health care/medical procedures, military personnel and their families facing debt due to extended deployment, frequent moves, or predatory lending, and protecting the elderly against losing their home in bankruptcy. [...]
The Washington Post interviewed Obama on consumer debt and the housing crisis.
A Taking Charge article revealed that while the McCains pay zero percent interest on the American Express credit cards with the majority of their $200,000+ credit card debt, they pay a 25.99 percent interest rate on their Chase credit card - ten percentage points [...]
A recent ABC news story did an in depth examination of Democratic Presidential Candidate Barack Obama’s platform on the issue of credit cards, deceptive practices, usury laws, and credit card debt. Get the full coverage on his platform here.
There has now been more coverage regarding the credit card debt and personal finances of the presidential candidates. I have already commented about the credit card debt of the presidential candidates - so here are a few links to other news articles on the matter:
New York Times
Reuters
Senator and Republican Presidential Nominee John McCain and his wife reported over $100,000 in credit card debt, according to The Hill. Democratic Presidential Nominee Barack Obama and his wife reported no liabilities in Obama’s financial disclosure.
Aren’t Republicans supposed to be in favor of fiscal responsibility and Democrats in favor of spending?
The Kansas City Star reported that Hillary Clinton’s campaign had received $30 million in contributions via credit card payments over the internet through February. I wonder what percentage of those contributors maintain a balance on their credit cards and what the real cost of the contribution to the campaign supporter will be by the time [...]
