The numbers are now in on U.S. bankruptcy filings in 2006. And as expected, Bushco's anti-consumer bill last year caused a massive jump in bankruptcies, to the tune of roughly 30%.
And what's worse, with a few prominent Dems having voted for the bill, it looks far too likely that the jump will be largely ignored come election time rather than being rightly thrown in the face of any GOP attempts to claim that the economy has helped more than just the wealthiest of Americans.
Sadly, the only lesson that seems to have been learned is by 500,000 extra bankruptcy filers...and perhaps by a few more who'll wish they'd filed earlier once they face the more strict law in the next few years.
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