The U.S. Senate is supposed to moderate the voice of the unruly masses. Not today. What started in the House last week as 3 pages and grew by Sunday night 109 is now a 451-page leviathan. Its substantive import? No one can possibly know without a week of careful reading, thought — and ten years of tax practice. I have double the ten years, but you can bet that with Harry Reid and Nancy Pelosi at the helm, I won’t get the week. To the extent that Republicans had anything to do with drafting this monstrosity, a pox on their houses.
This is the biggest slap in the face of the American people I think I have ever seen. No, I haven’t read the bill. I will read parts of it later and comment, but I am told that the drafting process included taxpayer payoffs in the form of tax breaks. Supposedly, these tax breaks cover the sins in the original draft? I don’t know. This smells to high heaven.
Of course, there is always the possiblity that CNN — my source for the draft — is itself playing a dirty trick. This time, however, I doubt it. For shame!
{ 5 comments… read them below or add one }
Let’s send CPS into congress. I’m sure they can find some pedophilia and molestation. While they have congress interred at FedEx Field, they can’t pass any laws.
Call your Congressmen/Women and plead for No Welfare for the Rich…if they HAVE to give that money away, let it go to farms and those homeless children on OUR streets.
I also noticed the tax breaks are for the middle class. I guess the poor and destitute are going to fund the $700 billion (heard it was more like 5 trillion)..for shame!!
AJoy –
Of course the tax breaks are for the “middle class.” That’s such an empty term. No one but the middle class and higher classes pay taxes. How would Congress give the “poor and destitute” a tax break?
And no country in the world spends more on the poor and destitute — its own and those of other nations. American generosity is amazing.
But I still think this bailout plan sucks. Big time.
The Senate passed the bill. The bill must now be passed to the letter and punctuation mark as is, by the House. The House successfully passed the buck to the Senate on the design of the bill, now we will see if the House will pass it.
I’m of the opinion that they should not. But I think they will.