Stupid MSM on Business/Consumer Dichotomy

CNBC just had a fairly extensive news report on the bankruptcy bill pending in Congress. The reporter wrapped up by saying that, if passed, this would be "the second piece of 'pro-business' legislation passed by the Republican-dominated Congress this year -- the other being the class-action bill."

How tiresome. First of all, businesses and comsumers are not on different teams which oppose each other. Most consumers are workers (or dependents of workers) who are employed by businesses. Also, a majority of workers own stock in businesses. Thus, their financial futures are closely linked with those of their employers and other businesses. Second, most businesses don't lend to consumers. So how are they supposedly helped by this bill?

Changes in the law will either help economic growth or hurt it. If they help, businesses and consumers will both benefit. If they hurt, both will ultimately suffer. If the present law favors bankruptcy debtors unfairly, it hurts everyone in the long run. If the proposed law favors creditors unfairly, it will hurt everyone. A small percentage of people go bankrupt and a small percentage of businesses devote major portions of the business to lending to them. Everyone else (non-bankrupt consumers and non-lending businesses which are the vast majority of both) have a joint interest in the law achieving an optimum balance.

This business/consumer false dichotomy that liberals and the MSM beleive in with such religious devotion is a complete crock.

Note -- I don't know enough about the bill and the current economics of bankruptcy to offer an opinion on the merits of this bill. I just want to comment on the brain-dead liberal way the media describes the potential impact.