Surrounded By Reality

Madison, WI has been described as "43 square miles of land surrounded by reality". Actually, I think it's 77...... Being a Madison native I liked this title. Agree or disagree, the important thing is to get involved and learn what's going on and how it affects you..

Sunday, October 05, 2008

Why This Country Is Messed Up

The finance industry bail-out bill (or "rescue bill" or "investment recovery bill" if you're a politician trained as a lawyer) started out as a 3 page bill from "Handy Hank" Paulson- basically, give us $700 BILLION dollars and "trust us"- yeah, right....it just needed to be a big enough number to "shock & awe"- it might cost well over a TRILLION dollars-nobody knows.......

It goes to the House and becomes a 110 page bill which fails- now renamed "Emergency Economic Stabilzation Bill"

It goes to the Senate and becomes a 451 page bill which fails- now renamed "Emergency Economic Stabilzation Bill"
Here's the link:
http://www.c-span.org/pdf/hr1424_100108.pdf

Want to guess how many pages when it comes out of the house again? 600...700?

Some highlights-
Excise tax waiver on the manufacture of wooden arrow shafts
Excise tax limit delay on rum made in Puerto Rico
Change in investment recovery period on race car tracks to 7 years
Even something on incoming averaging on amounts received from Exxon Valdez litigation!

If you want to know who's votes are needed to get this porker passed- figure out who's districts have arrow manufacturers, rum importers and NASCAR tracks..

Look at page 261- there's a summary. There are some good things for disaster relief & energy conservation but that stuff should be separate.......not here....

Sounds like "Lipstick on a Pig to me!" And no, I am not insulting Sarah Palin....

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