The dog wags back!

A sometimes funny, somtimes angry, but mostly progressive, blog on the politics and issues of Pittsburgh, Pennsylvania and America.

Friday, March 04, 2005

Not good for the gander

What is good for the goose is not always good for the gander.  At least that seems to be the argument of Senate Republicans.  Earlier, during the debate over tort reform, the GOP made the argument that we needed to federalize the tort system because "Wealthy Trial Lawyers" could shop 50 different state systems to find a friendly court.  That is bad for business to have to deal with 50 different systems.
Now on to the reform of bankruptcy laws.  A Democratic proposal to establish a federal limit of 30% on interest rates - yes, 30% - I mean who pays 30%, was shot down.  Why?  Because some states already have laws on the books and this new federal limit would override those laws.  Some of the laws set limits lower than 30% but many do not.  So now it is OK if credit companies have to deal with 50 different state systems. 
I am confused, what is the difference hear?  Oh wait, I see.  Federalizing torts helps big business, but federalizing credit limits helps ordinary people. Clear as the mud they sling.