Bailout - Got #Pork
Tony Perkins, FRC: What do NASCAR, the Motion Picture Association, and Puerto Rico rum makers have in common? They all stand to benefit from the Senate's $700 billion economic bailout plan. Hoping to entice the bill's skeptics with some familiar bait, the upper chamber sweetened its deal with more than a billion dollars in tax breaks for special interests. As the Dow plummets, unnerving investors from coast to coast, the House has approved the Senate's bill. With the economy hanging in the balance, more responsible members were faced with the question-to pork or not to pork? And while the Senate managed to slip in relief for manufacturers of toy arrows, its quiver contained little for American families. As the sun sets on President Bush's tax cuts in 2010, leaders may use these amendments to leave the impression that the major tax issues have been addressed. They couldn't be more wrong. To restore confidence we must actively pursue tax simplification and permanent tax relief. Energizing the economy means expanding the IRS's grace not to a handful of niche markets, as the Senate suggests, but to all Americans, especially American families. If our leaders are this determined to bail out Wall Street, how much more concerned should they be with rescuing the family from our suffocating tax policy? See also: AP: Congress OKs historic bailout bill Tags: bailout, Congressional Pork, economic rescue, FRC, Tony Perkins, U.S. Senate, Washington D.C. To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 5:00 PM - Post Link
1 Comments:
Amazing. The first ever global depression will go down in history horribly misunderstood. What a pathetic bunch of ignorant fools we have become. Consumer junkie credit card morons. Perfect little victims. Say that reminds me.
Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. . . .
So what can we do about it? Well, not much. Unfortunately, we are stuck on a runaway train. The problem has gone unchecked for too many years. The US/global depression is comming thanks to the 1% club. It would take a massive effort by the vast majority to prevent it. . . . look up what Einstein had to say about greed, extreme wealth, and its horrible concequences. I speak the truth. GREED KILLS. IT WILL BE OUR DOWNFALL. . . .
The bailout won’t work. IT WON’T WORK. The plan fails to address the fundamental problem. The middle class don’t need more credit. They need a reasonable share of the economic pie. They also need a lower cost of living and a chance to catch their breath. They need a break from all of the psychological marketing tricks and mass market BS. Most of all, they need to wake up and see the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.
To my surprise, two public figures have found the courage to acknowledge this problem to some degree. On 11.07.07 former presidential candidate Ron Paul mentioned the massive transfer of wealth from poor to rich. He also hinted at the possibility of economic collapse. He did so on 'Face the Nation'. He was blacklisted almost immediately for doing so. On 9.28.08 former secretary of labor Robert Reich refered to the obscene levels of income inequality as part of a "recipe for disaster". He mentioned the richest one percent in particular. He did so on 'Late Night With Conan OBrien'. As far as I know, Albert Einstein was the first to explain the link between extreme wealth and economic instability. He did so in 1949. He explained how the first Great Depression was actually caused by a massive transfer of wealth from poor to rich. He predicted that it would happen again. We are about to witness the first ever GLOBAL DEPRESSION. Amazing. The prosperity of an entire world is about to be compromised. Almost entirely because of greed. IT WILL BE OUR DOWNFALL.
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