The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

The text of the Senate Bailout is out & it tells us that we need fundamental changes in Congress

Posted by iusbvision on October 1, 2008

Ok all here is the text of the Senate version of the bill. It is much like the flawed House version that was shot down earlier.

And you bet that they have added a bunch of pork winners to it.

New Tax earmarks in Bailout 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)

Tax earmark “extenders” in the bailout bill.
– 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)

The House version was 102 pages long, the Senate version is 451 pages… what’s next?

McCain has promised to put an end to this nonsense, Obama hasn’t. This nonsense, corruption and influence peddling in Congress is THE issue of our time. Notice that there is no outrage form the left. In fact the left has no outrage over Congress’ role in this economic scandal, the largest financial scandal in world history. Of course to be fair, there is some outrage on the right, but not enough and that goes for the elite media too.

Special thanks to the Senate Conservatives Blog and Hotair.com.

UPDATE: MUST SEE – Senator DeMint video from the floor – http://blip.tv/file/1313122
Hat Tip Senate Conservatives Blog

One Response to “The text of the Senate Bailout is out & it tells us that we need fundamental changes in Congress”

  1. Maria said

    Will someone please Email me or publish the names, states and parties of those Congress people who proposed adding on the “earmarks” to the Bailout Bill? I realize that many of them were already in existence and were due to run out. Please, who are the people tagging them on to this “emergency bailout” and expecting the American population to swallow it? Well, whoever those elected Congress people are, they are right: we did swallow it.

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