No Honor Among Thieves

Apparently a "bail out" isn't a "just a bail out". A bill that began as 3 pages is now over 300 and includes (from Time Magazine)

$2 million excise tax exemption on "certain wooden arrows designed for use by children."

$49 million in tax breaks for people (in Alaska, mostly) receiving compensation from the litigation over the Exxon Valdez oil spill.

$100 million in tax breaks for "certain motorsports racing track facilities."

$179 million in tax incentives for "investment in the District of Columbia."

$49 million for a charitable deduction for corporations who donate books to libraries.

$33 million for an economic development credit in American Samoa.

$61 million in added credits for "steel industry fuel" also known as liquefied coal waste sludge.

$397 million for the "domestic production activities deduction" for film production

$81 million to extend and modify treatment of "certain film and television productions."

And here's an article from Tax Payers for Common Sense to break that down for ya...

RothCPA also has some need-to-know information as well as a link to the text of the senate bill.

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Could anyone tell me what all this stuff has to do with the bail out? Anyone?

Nothing. Absolutely nothing. This is special interests prevailing over the people. Again.

I honestly think it's time to fire them all, start over with people who speak common sense instead of bull-crap and set term limits. It's obvious that our politicians are in the pocket of lobbyists.

I think we should vote out who ever is in office. Democrat or Republican... If they've been in there more than 2 terms it's time for them to be done. This kind of crap has got to stop.

Oh, and after this passing vote the Dow dropped today. So much for this vote giving confidence.