Mmmmm Pork. No not the kind you may find next to eggs during your morning meal. I am talking about the pork “sweeteners” the Senate added to the bailout plan in hopes that the House members will bite.
This is beyond sad and I can’t say I have seen a better example of a messed up government. Take a bad situation (the economy) and make it worse by throwing on a bunch of personal @#$! to get the bailout approved.
Sure they call it adding “incentives” to have the House push the Bailout through – it just looks like a load of you-know-what to me.
So what gems will we get on top of the $700 Billion Bailout if the House approves it?
Pork Additive #1 – Provisions to keep movie and television production in the U.S. It allows production companies to deduct the cost of “producing” the movies from their taxes.
How Much? – It will cost taxpayers about $478 million over 10 years
Pork Addictive #2 – Allow plaintiffs who won damages from the Exxon Mobile spill to average their awards over three years (as oppose to treating it as single year income).
How Much? – It will cost the taxpayers about $49 Million.
Pork Additive #3 – Allow a seven-year recovery cost for people who build motorsports racetracks.
How Much? – It will cost the taxpayers $100 Million.
Pork Addictive #4 – Allow citizens who do not pay state income tax also deduct what they pay in sales tax.
How Much? – It will cost the taxpayers about $3.3 Billion
Ok, there is too much to list and I am getting depressed. In all there is about $110 Billion Dollars in pork additives that will put even more stress on a bad situation.
I think throwing this stuff in is borderline extortion – the “hey, we are not going to help the American economy unless I get some stuff for me” needs to stop. Spending is out of control.
Stop thinking in terms of Left and Right and start thinking in terms of Right and Wrong!
What do you think about this? Feel free to comment!
Fine, I suppose this is where you look for some witty insights to my mind. A "bio" of sorts. Here is the deal... I ride motorcycles, smoke cigars, golf, kayak, fly, race my car through the mountains, write (a lot), and travel extensively. I am almost old enough not to care what other people think about me...almost. ~Godfadr
You did a much better job of covering this than I did on my blog. I was soooooo pissed my blood was boiling and I basically just copied and pasted the CNN piece on the pork in this bill, along will calling all the politicians greedy, lying PIGS………..LOL
Couldn’t help it, the cup holding all my charm and personality was just running over with love……NOT
Someone explain to me how this is a “rescue” plan for failing banks and homeowners?
It’s sickening. AND Mr. no pork himself, McCain, signed and is pushing for this bill to pass the house……*excuse me while I go get ill for the hundreth time in 24 hours*
Godfather Added: Thanks SWF – of course with a hot topic (where I type really fast and get pissed off) I have to double spell check! I am not really sure how this is not simply bribing the people that didn’t vote for the bailout last time. I would be willing to bet that if you looked at the extra pork the “original sponsors” will be those that voted “no” on the bailout last time.
They should all be taken out and publicly flogged!
They are so up in each other’s butts that they’ve lost all sense of what money really is and what it actually means to those of us having to live their mistakes.
We should vote them out,…repeal this crappola law and let wall street handle it’s own problems like it always has in the past.