Sheldon Whitehouse on Corporations

Democratic Jr Senator, previously attorney general

Cap credit card interest rates

The Wall Street economy is happy to accept massive transfusions of cash from the fading middle class. This isn't to say that there were no provisions considered that would help Main Street as part of the Restoring American Financial Stability Act. There were plenty--it's just that almost all of them were either voted down or taken out and never even put up for a vote. Even something as simple and sensible as putting a cap on a credit card interest rates. Senator Sheldon Whitehouse's amendment to do just that was voted down 60 to 35. So much for "financial stability." Though I suppose it depends on whose financial stability you care about--the banks' or the taxpayers'. Source: Third World America, by Arianna Huffington, p. 25 , Sep 2, 2010

Small businesses keep our economy growing

Whitehouse is launching a tour of small businesses to hear directly from business owners what their needs are for continued success and greater employment opportunities for those living in Providence’s Southside. “Small businesses keep our economy growing and provide much needed jobs for Rhode Island families,” said Whitehouse. “Not only do they provide economic opportunities, but these businesses also contribute to the character of inner city neighborhoods.” Source: Campaign press release, “Small Businesses” , Nov 11, 2005

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Page last updated: Nov 04, 2011