US Elections 2020: Joe Biden backs a bill which was against the Barack Obama campaign in 2008
In 2008, Joe Biden backed a bill that the Obama campaign was against. Still, Obama supported Joe. Hunter worked at MBNA, a bank that pushed for the bill.
Barack Obama supported Joe Biden for choosing to defend a bill. Hunter Biden, his son, worked for MBNA that pushed the bill during the 2008 presidential election. The bill benefitted the credit card industry, particularly banks like MBNA, by making it difficult for individuals to claim bankruptcy. According to Times, MBNA employees paid Biden $214,000 for campaign contributions and also paid his son between 2001 -2005.
David Wade, Obama’s campaign spokesman, and defender, said that Joe Biden was not under the influence of Hunter or MBNDA. “He took plenty of knocks from the largest employer in his state because he demanded changes in the bankruptcy bill. He took plenty of knocks from the largest employer in his state because he demanded changes in the bankruptcy bill,” he said.
The bill faced opposition from most Democrats, including Obama. Later, Travis Plunkett, legislative director of the Consumer Federation of America (an organization that opposed the bill), clarified that Biden’s support of the bill was, in fact, a “veneer of bipartisanship” which in turn gained the support from other Democrats. “He provided cover to other Democrats to do what the credit industry was urging them to do,” Plunkett said.