Anyway, here's the Daily Show's explanation of the Bailout Bill (I love the McCain bit).
He's right, you know? It's fucking embarrassing that this $700 billion bailout package that was supposedly vital to keep our entire civilization from collapsing couldn't be passed until they added another $150 billion for shit like this:
Senators attached a provision repealing a 39-cent excise tax on wooden arrows designed for children to an historic $700 billion financial-markets rescue that passed tonight by a vote of 74-25. The provision, originally proposed by Oregon senators Ron Wyden [D] and Gordon Smith [R], will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year.I'm sure this makes sense to someone. Not me. But, I'm sure there are people --let's say firemen-- who when told of people trapped in a burning building --let's say an elementary school-- tell those who are alarmed that, in order for them to rush out and extinguish the fire, they're going to need some nachos first.
It's one of dozens of tax breaks benefiting Hollywood producers, stock-car racetrack owners and Virgin Islands rum-makers included in the broader legislation in an effort to win support from House Republicans, whose defection contributed to a rejection of an earlier version of the legislation two days ago on a 228-205 vote.
Are you embarrassed yet, America?
Posted By Dan to The Wisdom of a Distracted Mind at 10/04/2008 03:39:00 PM