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Congress Reaches a New Low as the ‘Pigs Surround the Trough’ in a Bailout Bill Feeding Frenzy

To adapt and paraphrase the infamous line from the movie Network, “all Americans should be made as hell and unwilling to take it anymore!”

 

Have we, American citizens, lowered the bar so much that we are willing to accept and support Congress as it adds “sweeteners” otherwise known as ““pork  (in “government-speak”) to the pending bailout bill” that they have characterized as “must pass legislation?”

CAPITAL BLDG1The revised Bill, which started life nearly two weeks ago as a three-page proposal from Henry Paulson, the Treasury Secretary, now stretches to more than 450 pages. It arrives in the House with renewed momentum after a huge bipartisan majority passed it in the Senate by 74 to 25 on Wednesday.

A closer look at who switched votes and are now advocating for it passage by the House would likely reveal that they are the pork stuffers!

As the White House and leaders from both parties conducted a final push to convert enough rebels to salvage the rescue plan from its stunning defeat in the House on Monday, an array of “pork barrel” projects have been inserted to, get this, “soften up waverers.”

They are aimed at peeling away a handful of naysayers with the promise that if they vote yes this time their pet projects will see the light of day. More importantly, the sweeteners are intended to gain the support of ordinary Americans on Main Street who see the Bill as a bailout of Wall Street.

It is bad enough when this is done under normal circumstances however it is unconscionable to do it when the well-being of the middle class is at stake!

It is an extraordinary sub-plot in the scramble to save the US financial sector from collapse. Inserted into the modified Bill by two Oregon senators on Wednesday night was a provision repealing a 39-cent excise tax on children’s wooden arrows, which would save Rose City Archery, a company in Myrtle Point, Oregon, that makes the toys. Three House members from the state voted against the Bill on Monday, but the new clause could change their minds.

Also in the revised Bill is $128 million of tax relief for the manufacturers of car racing tracks, aimed at congressmen in Nascar states, such as Virginia and North Carolina. A provision to give $10 million in tax breaks to small television and film producers could convert a congressman from Los Angeles. The help for Alaskan fishermen is aimed at swaying Don Young, a Republican from the state.

 

THIS IS BULLSHIT……

I have come to the conclusion that the elected members of Congress can be pigeon-holed into three primary categories.
There are:
1) Those that kiss ass
2) Those that need their ass kissed, and
3) Those that represent their constituents and vote their conscience

 

It is unfortunate for the American people that the majority is made up of the first two categories

AROUND THE BLOGOSPHERE:

Oct. 3, 08 :: Bailout pork barrel Rant - www.FreeTradingVideos.com :: From time to time I have to rant. Many more videos at a growing community website. Author: avatar d-seven Tags: technical analysis stock trading options japanese candlestick charting techniques futures forex …

Bailout Pork - Just Say NO! - Don’t get me wrong - I don’t have anything against wooden arrows - and I mainly agree with anything regarding less taxes, but to claim that pork like this will make the bailout bill more likely to pass the House is (I hope! …

The Great Financial Rescue Debacle or The Bailout Pork Bill! - Nancy Pelosi did not chastise her five Democratic Committee Chairman who also voted no. Ninety Five democrats voted no and all they needed was 12 Democrats to change their minds and vote yes. This situation was so dire that the …



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