‘Debt Trap Debbie’ Wasserman Schultz slammed in new ad for siding with predatory lenders [View all]

[Triana]

Ads that label DNC Chair Debbie Wasserman Schultz as “Debt Trap Debbie” were set to debut on Miami-area television stations on Tuesday, CBS Miami reported. “President Obama was right when he condemned predatory payday lenders for ‘trapping hard-working Americans into a vicious cycle of debt,’ with interest rates of over 300 percent,” the ad begins, before urging viewers to go to DebtTrapDebbie.com and sign a petition telling Wasserman Schultz not to “sabotage President Obama’s hard work to hold payday lenders accountable.”

The ad cites the $68,000 that she has received from payday lenders, a number investigated by Politifact Florida. “At PolitiFact Florida’s request, the Center for Responsive Politics compiled the large individual donations (more than $200) and donations to her PAC starting with her 2006 election,” the website reported. “The center found she received $309,020 from commercial banks, which represented about 2 percent of the total; $408,450 from securities/investment firms, and $325,850 from finance/credit companies.”

Wasserman Schultz, who has incurred the wrath of Bernie Sanders and his supporters because she has upheld Democratic party rules regarding the awarding of delegates to Hillary Clinton, is being challenged for her long-term Congressional seat by Tim Canova, a law school professor and progressive activist.

The 30-second ad is sponsored by Allied Progress, a “grassroots progressive” organization headed by Karl Frisch, a long-time liberal political activist who previously served as communications director, and then fellow, at Media Matters for America.

The ad:

LINK to article: https://www.rawstory.com/2016/05/debt-trap-debbie-wasserman-schultz-slammed-in-new-ad-for-siding-with-predatory-lenders/