Rep. Peter Welch speaks up about credit card fees

The credit card associations and the banks that support them have gotten away for too long without answering serious questions about their practices, and at long last, tomorrow there will be a hearing on Capitol Hill to consider the Credit Card Fair Fee Act - HR 5546. It hasn't had the same press as the Credit Card Bill of Rights but it is no less important, and I say that not just because I work with the merchant group that has done tons of work over the last couple years to bring the issue to this point.

One co-sponsor of the bill who speaking up on the issue is Vermont's Peter Welch, one of the best progressives we have in the House. Comments from Welch and more details via the Rutland Herald below:

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Credit Card Companies Lying? Yes Way, Ted!

Strange things afoot at the Circle K...

I read very closely about what's happening with the credit card industry, and I know when they're trying to put one past a reporter. Especially a small-town reporter that they probably don't expect to do all the research on a story that a member of the SCLM would. So imagine my (mock) suprise to find a MasterCard spokesperson trying to sneak one past a reporter for the Valley News of White River Junction, Vermont.

What do they know in Vermont anyway? Enough to make  MasterCard look not just deceptive, but inept at doing it. Details after the jump.

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The Clinton Campaign: Living a Greek Tragedy

I wrote this for today's BeyondChron.

Hillary Clinton had reason to celebrate last night for winning the popular vote in Ohio, Rhode Island and Texas - but only because Barack Obama did not deliver the final knock-out punch to end her campaign.  In the fight for the presidential nomination, Obama maintains a 150+ delegate lead - and Clinton did not put a dent in his edge last night that she needed to wage a successful comeback.  For all of the media obsession with the popular vote in Texas, it ignores two cold, hard facts: Obama won more delegates in Texas, and across all four primaries Clinton won a grand total of an estimated two more delegates. And after Saturday's Wyoming caucus and Tuesday's Mississippi primary, Clinton will be further behind than on March 3. Her campaign has just finished Act 2 of a Greek tragedy: after an arduous path full of setbacks and defeats, the heroine suddenly appears on the brink of recovery - only to suffer inevitable loss in Act 3.  Clinton's performance last night makes it even more mathematically difficult for her to win the nomination.  But she can damage Obama's prospects, and hurt the Democratic Party---  Will Party leaders allow this?

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A Landslide of One

Crossposted from Left Toon Lane, Bilerico Project& My Left Wing


click to enlarge

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Barack Obama Wins Vermont

CNN and NBC News, among others, call Vermont for Barack Obama. More details to follow...

Update [2008-3-4 19:12:24 by Jonathan Singer]: The key number in Vermont seems to me 64 percent. If Obama can get about 64 percent in Vermont tonight, the delegate spread would be 10 to 5 rather than 9 to 6 -- a net gain of 2 delegates for Obama. I don't think Obama will be able to hit 70 percent, which would yield an 11 to 4 spread, but if he could hit that 64 percent mark it could potentially mean that Obama would net as many delegates from Vermont as Clinton will from Ohio.

Update [2008-3-4 19:29:55 by Todd Beeton]:For what it's worth, a friend who crunched the VT exit polls tells me that they are indicating a 62-37 margin for Obama.

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