> Obama Regime Report < Obama Regime Report: From 3 to 400 plus pages, Suddenly Wall Street To Main Street Armageddon Turns To"Are We Getting"?

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Thursday, October 2, 2008

From 3 to 400 plus pages, Suddenly Wall Street To Main Street Armageddon Turns To"Are We Getting"?

Pork Barrel City Congress has turned into, here's just a few little projects infiltrated into the "From Panic to Pork" Bill:
  • Film and Television Productions (Sec. 502)
  • Wooden Arrows designed for use by children (Sec. 503)
  • 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
  • Virgin Island and Puerto Rican Rum (Section 308)
  • American Samoa (Sec. 309)
  • Mine Rescue Teams (Sec. 310)
  • Mine Safety Equipment (Sec. 311)
  • Domestic Production Activities in Puerto Rico (Sec. 312)
  • Indian Tribes (Sec. 314, 315)
  • Railroads (Sec. 316)
  • Auto Racing Tracks (317)
  • District of Columbia (Sec. 322)
  • Wool Research (Sec. 325)
Isn't that just swell? These people remind me of the person who goes to borrow some money from their parents or anyone for that matter, the trick being you start out asking for an extraordinary amount as a joke like so:

Gee dad, I'm in a bind, do you think you could see your way to borrowing me, well, I hate to do this , but maybe ten thousand dollars or so? (Father's jaw drops to floor) Naawww, just kiddin, I only need a few hundred bucks .......Give them an inch they have the audacity to just keep gulping away like drunken street people. One minute it's this and the next it's a full blown handout larger than most third world country's year long budgets.

Shame on us for allowing this to continue, the pigs are rolling around together in the same pigpen giving America everything it doesn't need wasting our money doing it.


Senate bailout bill keeps growing

David Rogers - Politico.com: "The Senate hopes to revive Treasury’s $700 billion financial rescue plan Wednesday night by packaging it together with more than $100 billion in popular tax breaks as well as aid to rural schools important to House Republicans.

To calm voters fearful of bank failures, the $100,000 cap on federal insurance for deposits would also be raised to $250,000—a concession backed by both parties but also aimed at community banks who can be helpful in building small town support for the larger bill.

With each permutation, the bill has steadily grown in size. Treasury’s initial plan was about three pages long. The House version, which failed, stretched to 110. The Senate substitute now runs over 450 pages. And tucked away in the tax provisions is a landmark health care provision demanding that insurance companies provide coverage for mental health treatment—such as hospitalization—on parity with physical illnesses.

Really a bill onto itself, the mental health parity measure has been a bipartisan priority for top lawmakers in both chambers but has stalled because of disagreements again over how to pay for its estimated $3.8 billion five-year cost. In the current climate, that seems to be no longer a stumbling block, and if the Treasury plan becomes law, it will also.

continued and continued and continued ......


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