It's that time of year and Congress has pulled out a good one in her ol' bag of tricks with the passage of the 'Bailout' Bill. It's just in time for Halloween to or should I say just in time for the presidential election.
The bureacrats in Washington yelled, "crisis, Crisis, CRISIS" all week lo
ng but the American people were not convinced that there truly was one. The cry of the wolf every four years from our elected leaders are to help cover a multitude of sins but to what purpose? This only serves their purpose. It's unfortunate that it happens right up next to election time, while they have our utmost attention. We watch at a distance the push and pull of the 'pork taffy' until they get it just right and then, BAM! They pull the trigger and it's taffy-Washington style not constituent minded.
ng but the American people were not convinced that there truly was one. The cry of the wolf every four years from our elected leaders are to help cover a multitude of sins but to what purpose? This only serves their purpose. It's unfortunate that it happens right up next to election time, while they have our utmost attention. We watch at a distance the push and pull of the 'pork taffy' until they get it just right and then, BAM! They pull the trigger and it's taffy-Washington style not constituent minded.In Alabama, our congressional representatives did their share of the pull. They voted the same way the second time as they did the first time on the Bailout Bill. In district 6, Jefferson/Shelby County area representative Spencer Bachus helped lead the charge in getting the bill passed. It was also reported on various radio stations in Birmingham, Alabama that he indicated his decision would not be popular in the district. Well DAAAAAAAA! Why'd he do it then? Our own Senators, Richard Shelby and Jeff Sessions voted NO! It is the single most expensive and expansive grab for socialism yet. The Democrat leadership immediately announced after the vote that this was only the beginning and other items such as universal healthcare coverage would be on the future menu.
Here are just a few of the 'special' ingredients in Washington's 'pork taffy' found in the latest Bailout Bill:
Sec. 211. Transportation fringe benefit to bicycle commuters
Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 309. Extension of economic development credit for American Samoa.
Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 317. Seven-year cost recovery period for a motorsports racing track facility.
Sec. 322. Tax incentives for investment in the District of Columbia.
Sec. 325. Extension and modification of duty suspension on wool products; wool research fund;wool duty refunds.
Is there any wonder why our elected representatives have such a low approval rating with the American people? hummm? Stayed tuned though Bailout Bill Take Two will be coming soon to a congressman or senator near you!
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