To The Honorable David Wu,
I am writing to express my displeasure about The New Republic's report that you have signed a letter to Speaker Hastert supporting bankruptcy "reform". The Senate's bill does nothing to close the loopholes that let the wealthiest escape their debts, but will cause irreparable harm to those in the middle class. The credit card and banking industries make record profits under the current system of charging higher interest rates and fees to individuals they know may default.
Your constituents aren't asking for this "reform." In fact, those with blogs are puzzled at your decision to support it:
One of these constituent-bloggers went so far as to check the list of donors to your 2004 campaign looking for an explanation. They found strong support from labor but no money from the financial service sector. If you're not beholden to their money and why support this bill? What benefit will it bring to those of us in the 1st district?
Continuing to support this bill would be a mistake on par with your vote for Bush's Medicare plan. There is no reason to support this bill. Please consider your constituents, not the credit card companies.
Sincerely,
Andrew Morton
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