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Read the Senate Bailout Bill Here
Crap sandwich redux. Plus: Your e-mails.
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Thanks to the Senate Conservatives Fund for posting the 451-page bailout behemoth here.

Crap sandwich redux.

Call your Senator: 202-224-3121.

***

A few of the earmarks stuffed in the 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)

***

Since Congress is having trouble receiving e-mails, I’ll be adding a bunch of your e-mails here.

Reader Bryan writes:

The bailout is just mopping the floor and even replacing some flooring after a leak; it does not fix the leak. The only way to fix the leak is to either abolish the Community Reinvestment Act or at least repeal the idiotic interpretation and expansion of the act under the Clinton administration (Janet Reno), whereby financial institutions were/are strong-armed into creating loans for people who can’t afford them. Why will no one talk about this? We might as well keep the mop handy, because we’ll need it again.

Amen to that.

Reader Charon Z:

Banks are still lending, this is an easy and clear chart to send our retarded Senators and Reps who of course aren’t interested in really bailing anyone except their friends on wall street out. Oh, by the way I went and talked to my small local well managed bank yesterday. They are still loaning on cars, houses, and commercial property. We are having a small boom here in small town Texas.

(Link)

Yes, there is a “bad” credit crisis. If you have “bad” credit you can no longer get a loan, you may go bankrupt, that is how the system is supposed to work. It is called capitalism. So, far the system seems to be working like it is supposed to. You make bad choices you get punished. So what is it our feckless government saviors are going to fix again? Or did I mishear and they mean the fix is in.

Reader meow:

Congress be damned, the fed is printing of $630 billion just because they can. Our government is no longer accountable to the American people

Reader Steve in Virginia:

Just emailed Sen Warner. I vote and donate GOP. Told him if he voted for any bailout bill that had Dodd’s fingerprints anywhere on it, I’d vote for his Democrat challenger the next election cycle.

Reader Gene:

Just thought I’d pass along my thoughts on the Big Bailout and what looks to be Son of Big Bailout. The dire warnings of economic meltdown that are being used to ram this thru remind me of “The Ticks’ Argument”.

Dog: ” Mr. Tick, why do you have your head buried in my flesh?”

Tick: “I’m saving your life.”

Dog: “I don’t understand, can you explain?”

Tick: “By sucking your blood, I encourage your system to create new blood, thereby improving your health.”

Dog: ” Oh, ok. Thanks”

Well, this dog ain’t buyin it. Time to scratch.

Gene

Reader Ronald (quoting Ed Morrissey):

I can’t get through to my Senators Alexander and Corker. If any of you see them tell them they can shove it where the sun don’t shine! If you think this was badly worded, you should see the unedited text I wrote!

I love the auto racing tracks [earmark] in particular. I can see the headlines now: “Global financial markets melt down, NASCAR, Caribbean rum hardest hit”. As many people have said now, I’d be more inclined to take this crisis seriously if people on the Hill didn’t use it to butter up their favored constituencies.

ORDER IT NOW

The Senate will vote at around 7:35 PM tonight on this bill. I’d expect an easier passage, thanks to provisions to expand FDIC insurance and an added authority to suspend mark-to-market rules that may make some of the rest of this bill unnecessary. Senate leadership isn’t taking any chances; they’ve added this as an amendment to a bill containing some legislation sought by both liberals and conservatives, making it difficult to oppose from any direction.

(Republished from MichelleMalkin.com by permission of author or representative)
 
• Category: Ideology • Tags: Subprime crisis