Are earmarks needed in this bailout?

Discussion in 'Economy' started by KMAN, Oct 1, 2008.

  1. KMAN
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    KMAN Senior Member

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  2. KMAN
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    KMAN Senior Member

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    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)
     
  3. KMAN
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    KMAN Senior Member

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  4. Silence
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    Silence wanna lick?

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    hmmm I read the bailout proposal on Monday... I didn't see any of that in there... do you have a link to this legislation?

    $1.416 TRILLION since January and the market lost 1.2 Trillion on Monday just by the REpublicans getting their feelings hurt by Nancy.
     
  5. Jon
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    Jon The CPA

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    Take off your fucking blinders if you want anyone to take you seriously.
     
  6. Care4all
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    Care4all Warrior Princess Supporting Member

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    the market got much of it back on tuesday....near 500 point gain after the 777 drop on monday....
     
  7. Alpha1
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    Alpha1 NAVY

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    Earmarks? what earmarks?

    The Democratic ACORN bailout; Update
    September 26, 2008 by Ed Morrissey
    Hot Air Blog Archive The Democratic ACORN bailout; Update: Video added

    House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise. One of the sticking points, as Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza.

    The Wall Street Journal reported on the HTF/ACORN/Democratic connections in July:

    The housing bill signed Wednesday by President George W. Bush will provide a stream of billions of dollars for distressed homeowners and communities and the nonprofit groups that serve them.

    One of the biggest likely beneficiaries, despite Republican objections: Acorn, a housing advocacy group that also helps lead ambitious voter-registration efforts benefiting Democrats. …

    Partly because of the role of Acorn and other housing advocacy groups, the White House and its allies in Congress resisted Democrats’ plans to include money for a new affordable-housing trust fund and $4 billion in grants to restore housing in devastated neighborhoods. In the end, the money stayed in the bill; the White House saw little choice.

    What most riles Republicans about the bill is the symbiotic relationship between the Democratic Party and the housing advocacy groups, of which Acorn is among the biggest. Groups such as the National Council of La Raza and the National Urban League also lobby to secure government-funded services for their members and seek to move them to the voting booth. Acorn has been singled out for criticism because of its reach, its endorsements of Democrats, and past flaws in its bookkeeping and voter-registration efforts that its detractors in Congress have seized upon.
     
  8. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    Yep, just verified it.....they are all in there...and more. Katrina relief, Mid-west disaster relief....and on and on and on. Just more reason to just say NO!
     
  9. Care4all
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    just another falsehood from pubs....alpha, partisan rhetoric....acorn wasn't in the bill...

     
  10. KMAN
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    KMAN Senior Member

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    Why is everything partisan with you? Earmarks are earmarks does it matter who requests them????

    That's one of the many differences between liberals and conservatives...Conservatives take on everyone including their own party... liberals don't believe anyone in their party has ever done anything wrong.

    The text of the was at this location

    http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf

    but something is wrong with the file... all you have to do is google senate bailout text if you really want to see it...
     

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