Atlantic Blogger Highlights 'Giveaways' from 'Corporate Sellout' Biden
Even Democratic presidential nominee Sen. Barack Obama‚Äôs supporters are criticizing the media‚Äôs failure to cover the candidate.
Megan McArdle, a blogger for TheAtlantic.com who has said she‚Äôs voting for Obama, slammed the media in an appearance on Reason.tv‚Äôs ‚ÄúThe Talkshow‚ÄĚ for not bringing up Sen. Joseph Biden‚Äôs past as a ‚Äúcorporate sellout.‚ÄĚ McArdle said that was quite relevant when the Democratic candidates try to oppose financial deregulation in campaign appearances.
‚ÄúAnd here is where I am willing to say the media is giving Obama a pass on a bunch of stuff that they shouldn‚Äôt be ‚Ä¶ It‚Äôs ridiculous that no one is bringing up every time ‚Äď every time Obama says anything about financial deregulation, Joe Biden‚Äôs history should be trotted out and it‚Äôs not and I‚Äôm not sure why,‚ÄĚ McArdle said to host Nick Gillespie.
‚ÄúI mean, this is the guy who among financial journalists is known as Joe Biden, D-dash-MBNA. He has presided over some of the most egregious giveaways to the financial industry in the history of the nation,‚ÄĚ McArdle said.
‚ÄúIt‚Äôs another one of those weird Democratic tickets where, like, you‚Äôve got like a really hardcore liberal at the top and let‚Äôs just stick a corporate sellout who likes invading places to balance it.‚ÄĚ
McArdle, a libertarian, claimed that she would be voting for Obama even though she would ‚Äúhate everything he does.‚ÄĚ
‚ÄúThe financial services industry began seeking relief from Congress in the mid-1990s from an increase in bankruptcies that was cutting into its profits ‚Ä¶ During that time, executives at MBNA, which was bought in 2006 by Bank of America, began donating heavily to both major political parties and many national politicians, including Mr. Biden.‚ÄĚ
The Times also pointed out that Biden voted for the bankruptcy bill in 1998, 2000 and 2001. In 2005 Biden supported it and Obama did not.
Jeffrey Birnbaum, managing editor of digital news for the Washington Times, told National Public Radio‚Äôs ‚ÄúAll Things Considered‚ÄĚ Aug. 25, that Biden‚Äôs son Hunter rose to the level of senior vice president at one point while working for MBNA and later on did consulting work for them after working in the Clinton administration for a couple of years.
Birnbaum also pointed out that
CNN.com‚Äôs ‚ÄúPoliticalTicker‚ÄĚ blog quoted Biden Sept. 17 chiding Sen. John McCain at a rally. He told supporters that they had a choice to make between those who allow corporations and the wealthy to go "unfettered‚ÄĚ and those who want ‚Äúcommon sense rules‚ÄĚ to protect transparency.
‚ÄúLook, if John cares so much about this now, where was he a week ago?‚ÄĚ Biden said. ‚ÄúWhere was he a month ago? Where was he 5 years ago? I‚Äôll tell you where he was, he was bragging to the folks on Wall Street, to the executives who now he calls ‚Äėgreedy.‚Äô He was bragging to them how we‚Äôre going to shred the regulation that fetters them, that ties them down,‚ÄĚ said Biden.