Simmons Approves of Credit Card Reform, Blasts Dodd

Rob Simmons responded to Sen. Dodd’s credit card reform act today with the following:

“Credit card reform is long overdue and if Sen. Dodd wasn’t so busy collecting hundreds of thousands of dollars in campaign donations from big banks, credit card companies, the pay day loan industry and pawn shops we might have had reform years ago. This bill is a belated improvement on the current system, but has more to do with covering Sen. Dodd’s extremely exposed hind end than with protecting consumers.”

Pawn shops?

Update 8:25pm: The DSCC released the following response:

“Rob Simmons helped create this very mess by championing the credit card industry when he was in Congress, and now with the Senate on the verge of passing a strong solution thanks to Chris Dodd’s leadership, all he can do play politics. Instead of supporting legislation that would strengthen consumer protections, he’s resorting to political attacks. His response may affirm his affinity for old Washington style politics, but it is not going to help families secure their personal finances.”

However, Simmons’s attack came after the DSCC released a statement earlier today criticizing Dodd’s opponents for their silence on the bill; hence the testy tone.

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14 responses to “Simmons Approves of Credit Card Reform, Blasts Dodd

  1. TheRealNixon

    Dodd is 100% trying to conduct his recovery tour of Connecticut but it’s far too late. The people of Connecticut are smart and we will NOT forget what Chris Dodd has done and we will show him the door come November of 2010.

    Rob Simmons is a man of undeniable integrity and there is simply NO comparison between the two. Standing next to Dodd, Simmons will look like an Angel while Dodd breathes fire.

    Go get ’em Rob!

  2. AndersonScooper

    I guess Simmons’ fundraising isn’t going that well?

    Or has Rob woken up to realize that’s he’s about to get f**ked by Caliguiri and the conservative wing of the CT GOP? Honestly Mr. Simmons, they’re not going to let you play your “moderate game”, and once you veer right, (like your appearance with Hannity, or better yet, your upcoming appearance at the Prescott Bush dinner with Newt Gingrich), — any hopes of winning in this solid blue state will vanish.

    Can anyone tell me what Rob Simmons is for? Chris Healy says its all about blocking the Obama agenda….

  3. AndersonScooper

    PS– When are we going to get another Q-poll? (does Doug Schwartz have real integrity?)

    http://www.quinnipiac.edu/x271.xml

    2/10/09 1st poll Dodd at 41% approval

    3/10/09 2nd poll Dodd at 49% approval. Down to Simmons 42%-43%.

    4/02/09 3rd poll — (rushed forward b/c of the AIG crap?) Dodd at 33% approval. Down to Simmons 34%-50%.

    Honestly, Schwartz began a trend of polling monthly, and out of fairness he ought to continue that trend. Instead, after seemingly getting what he wanted in the 4/2/09 results, Schwartz now seems content to let Dodd hang out there at the AIG bottom , even though I’m sure a current poll would have Dodd’s numbers up by a good 5% in both his approval rating, and his standing against Simmons.

    C’mon Doug, do the right thing!

  4. scanman1722

    This credit card bill is going to help Dodd beyond belief. Expect a bump in his poll numbers after (for a change) his name is in the press attached to praise rather than contempt. This bill is going to sail through Congress with bipartisan support and will be well recieved by every-single-American… tell me one adult without a credit card who will not be thankful to Chris Dodd by the time this bill becomes law. I dare you.

  5. AndersonScooper

    Scanman–

    It’s needed and substantial.

    But as to a big Dodd bump? I’m kinda doubtful as the best part of his bill got gutted. (that rate increases could only apply to future purchases and not past buys.)

    Plus I believe I’m not the only one cynical about our Democratic Congress’s willingness to continue allowing interest rates of 25-30%. (This isn’t entirely Dodd’s fault, but someone in leadership should make every last Congress-critter vote for or against the American consumer.)

  6. This credit card bill is going to help Dodd beyond belief. Expect a bump in his poll numbers after (for a change) his name is in the press attached to praise rather than contempt. This bill is going to sail through Congress with bipartisan support and will be well recieved by every-single-American… tell me one adult without a credit card who will not be thankful to Chris Dodd by the time this bill becomes law. I dare you.

    How about the adults without credit cards who WANT credit cards, but will be unable to get one after this bill is passed? I don’t think they’ll be happy with Mr. Dodd then, and I hope they live and vote in Connecticut.

  7. scanman1722

    I didn’t say big bump…I said bump. This bill, while not perfect, is going to make a lot of people happy and Dodd will be given a lot of the credit (no pun intended).

  8. scanman1722

    How about the adults without credit cards who WANT credit cards, but will be unable to get one after this bill is passed? I don’t think they’ll be happy with Mr. Dodd then, and I hope they live and vote in Connecticut.

    How many adults do you know that don’t have credit cards? Four?

  9. How many adults do you know that don’t have credit cards? Four?

    Wait… you just bragged that all of these adults will be thrilled with Sen. Bailout when this bill become law. Now you’re telling me that there will be only four such adults.

    Way to defeat your own argument.

  10. scanman1722

    No Jack. You said:

    How about the adults without credit cards who WANT credit cards, but will be unable to get one after this bill is passed?

    and I said:

    How many adults do you know that don’t have credit cards? Four?

    Meaning, there are not too many adults (I said 4 jokingly) who would not be allowed to get credit cards because there are not too many adults who do not already have credit cards.

  11. AndersonScooper

    I’m glad Dobbs believes in loan-sharking and predatory lending.

    It fits right in with the rest of his Republican ideology!

  12. Meaning, there are not too many adults (I said 4 jokingly) who would not be allowed to get credit cards because there are not too many adults who do not already have credit cards.

    Great. That’s not what you said.

    I’m glad Dobbs believes in loan-sharking and predatory lending.

    Who said that I believe in any of those things? My point is that consumers can protect themselves from high interest credit cards by not using high interest credit cards, and if you’re so damn worried about people who have no choice but to use credit… why are you urging Congress to make it more difficult to obtain credit.

    Chris Dodd has done so much damage to the banking industry in the United States that I am amazed that you’re allowing him to continue to do so. If a Republican was suggesting such a stupid idea, you would be making countless inappropriate references to giving the keys to Chris Healy — and you know that’s true.

  13. scanman1722

    Chris Dodd has done so much damage to the banking industry in the United States that I am amazed that you’re allowing him to continue to do so.

    If this is such a stupid idea and Chris Dodd is such a damaging figure, how come not one senator from either party has come out against it?

    “In nearly two days of Senate debate so far this week, not one senator has stepped forward to defend the card companies or blame consumers who have run up substantial credit card debt for causing some of their own problems. Senator Tom Coburn, Republican of Oklahoma, did slow the bill on Tuesday, but to make a point on an unrelated issue — the ability to carry guns in national parks — not on credit cards. ”

    http://www.nytimes.com/2009/05/13/us/politics/13cong.html?_r=1&ref=todayspaper

  14. TheRealNixon

    Charles Krauthammer Weighs In on the Connecticut Senate race:

    http://www.joinrobsimmons.com/article/video-krauthammer-weighs-in

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