The rescue, nee bail out plan, revision 2

[John Adams]

The original bill was about 4 pages long; the new one is over 451 pages. I understand if you haven't read it. So let's take a look at what was added in order to insure that this absolutely critical piece of legislation passes.

 

* $100 million tax break to benefit auto racetrack owners;

* $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry;

* $148 million in tax relief for U.S. wool fabric producers;

* a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill;

* and my favorite, a $2 million tax benefit for makers of wooden arrows for children.

 

Look at that last one again. That's right. We're getting the shaft.

[MattyT]

Only the US Senate could generate 447 pages of BS in two days.

[TPS]

The original bill was about 4 pages long; the new one is over 451 pages. I understand if you haven't read it. So let's take a look at what was added in order to insure that this absolutely critical piece of legislation passes.

 

* $100 million tax break to benefit auto racetrack owners;

* $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry;

* $148 million in tax relief for U.S. wool fabric producers;

* a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill;

* and my favorite, a $2 million tax benefit for makers of wooden arrows for children.

 

Look at that last one again. That's right. We're getting the shaft.

A terrible plan gets worse...

 

here's an alternative: since this bailout already implies that we're moving toward socialism, why not take a couple $100 billion and buy a few banks across the country (like Wachovia, WaMu, et al), Paulson should be able to oversee them , then use the remaining $500 billion as "lines of credit" for these banks, let them start lending--to good creditors of course. As these publicly owned banks start lending, that should start unclogging the credit markets. Then, similar to the risk that we'd take if we bought all the bad mortgage debt, the government sells its shares at some point in the future. The rest of Wall Street can go fck themselves...

[John Adams]

Only the US Senate could generate 447 pages of BS in two days.

 

I didn't feel like summarizing it but there are also some tax incentives for Hollywood. Something for people who make movies in the US instead of overseas.

 

This kind of sh-- would push my yes vote to a no. Mother!@#$ers.

[Wacka]

How much do you want to bet that most of these were added by the majority party?

[DC Tom]

The original bill was about 4 pages long; the new one is over 451 pages. I understand if you haven't read it. So let's take a look at what was added in order to insure that this absolutely critical piece of legislation passes.

 

* $100 million tax break to benefit auto racetrack owners;

* $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry;

* $148 million in tax relief for U.S. wool fabric producers;

* a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill;

* and my favorite, a $2 million tax benefit for makers of wooden arrows for children.

 

Look at that last one again. That's right. We're getting the shaft.

 

 

That sh-- makes me want to reconsider my opposition to the line-item veto.

[Joe Miner]

* $148 million in tax relief for U.S. wool fabric producers;

 

Did you say something about getting fleeced?

[Gavin in Va Beach]

The original bill was about 4 pages long; the new one is over 451 pages. I understand if you haven't read it. So let's take a look at what was added in order to insure that this absolutely critical piece of legislation passes.

 

* $100 million tax break to benefit auto racetrack owners;

* $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry;

* $148 million in tax relief for U.S. wool fabric producers;

* a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill;

* and my favorite, a $2 million tax benefit for makers of wooden arrows for children.

 

Look at that last one again. That's right. We're getting the shaft.

 

What a freakin' load of bullschit. Why can't politicians resist the urge to attach pork to perhaps the most important bill they will ever vote on in their lives?

 

This totally demonstrates the utter lack of leadership we have at all levels. Any "leader" should be in front of the cameras saying they want a 'clean' bill, containing only matters relevent to fixing the financial system, and explaining why it's important and how it will work. What do we get? Crickets.

 

!@#$ them all. Where do I sign up for the American Revolution Ver 2.0 ?

[John Adams]

How much do you want to bet that most of these were added by the majority party?

 

They are trying to bait Republicans into switching votes too. Don't be so confident to blame a single party. This crap is an epidemic of the system.

 

Too bad even the candidates can't lead by excising this junk from this bill.

[DC Tom]

"It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress." - Mark Twain.

 

 

He should have read this bill.

[YellowLinesandArmadillos]

The original bill was about 4 pages long; the new one is over 451 pages. I understand if you haven't read it. So let's take a look at what was added in order to insure that this absolutely critical piece of legislation passes.

 

* $100 million tax break to benefit auto racetrack owners;

* $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry;

* $148 million in tax relief for U.S. wool fabric producers;

* a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill;

* and my favorite, a $2 million tax benefit for makers of wooden arrows for children.

 

Look at that last one again. That's right. We're getting the shaft.

Wrong, the proposal was an outline of 3 or 4 pages wrong. Referencing all the previous law and changes that outline causes creates at least 3-400 pages. This is a B.S. statement.

 

The rest I agree with but frame it right.

[Lurker]

How much do you want to bet that most of these were added by the majority party?

Nah. Dems hate business, right????

[EC-Bills]

How much do you want to bet that most of these were added by the majority party?

 

Yeah like that crap never happened when the republicans were in charge

[YellowLinesandArmadillos]

What a freakin' load of bullschit. Why can't politicians resist the urge to attach pork to perhaps the most important bill they will ever vote on in their lives?

 

This totally demonstrates the utter lack of leadership we have at all levels. Any "leader" should be in front of the cameras saying they want a 'clean' bill, containing only matters relevent to fixing the financial system, and explaining why it's important and how it will work. What do we get? Crickets.

 

!@#$ them all. Where do I sign up for the American Revolution Ver 2.0 ?

P.S. That $49 million is for AK fisherman, wonder how Palin feels about the pork for her state? but it could benefit Palin's husband... Conflict of interest, I wonder.

 

However, sounds like a Stevens amendment... we had to provide him with crop insurance for wild Salmon??? in order to get him to support a change in a provision in the law on specialty crops,

[molson_golden2002]

Did McCain vote for this?

[Ramius]

So if i got this right, the Bill was turned down on monday. To subsequently pass the bill, instead of re-working it, we present the same bill with bribes for reps to switch their "no" votes to "yes"?

[YellowLinesandArmadillos]

So if i got this right, the Bill was turned down on monday. To subsequently pass the bill, instead of re-working it, we present the same bill with bribes for reps to switch their "no" votes to "yes"?

 

Pretty much. Similar bill, probably has some more legal tweaks we haven't heard about yet.

[molson_golden2002]

So if i got this right, the Bill was turned down on monday. To subsequently pass the bill, instead of re-working it, we present the same bill with bribes for reps to switch their "no" votes to "yes"?

 

Hey come on, they also changed its name. No longer is it the "bail out bill," its now the "financial rescue plan."

[Adam]

There shouldn't be a bailout, there is no need for it. Buy the bad credit AT COST. There should be a price for screwing up, there is for everyone else.

[SD Jarhead]

What a freakin' load of bullschit. Why can't politicians resist the urge to attach pork to perhaps the most important bill they will ever vote on in their lives?

 

This totally demonstrates the utter lack of leadership we have at all levels. Any "leader" should be in front of the cameras saying they want a 'clean' bill, containing only matters relevent to fixing the financial system, and explaining why it's important and how it will work. What do we get? Crickets.

 

!@#$ them all. Where do I sign up for the American Revolution Ver 2.0 ?

 

Don't worry...its coming.