Posted by
cavalier973 on Saturday, October 04, 2008 7:09:47 AM
"I wanted to write you to convey my disgust with the passing of this 451 page bailout bill. Wall Street has gone trick-or-treating in Washington a little bit early this October. Wall Street is getting the treats and America is getting tricked. The “Axis of Arrogance” has tried to pull the wool over the eyes of the Main Streeters and in doing so hid a sty full of pork in a bill whose constitutionality is questionable at best. Friends, the folks in Washington continue to treat your wallet as their tip jar and this has to stop.
Just check out a few provisions in this 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. 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.
At a time when we are at “ground zero” and on the verge of an all out financial collapse, I am disgusted that these provisions were made.
At a time when Congress had the opportunity to do something to help the American economy, they lived up to their low approval rating. The only thing we can thank Congress for right now is that they are consistent. They are consistently spending money that doesn’t belong to them, consistently expanding pork projects, consistently doing nothing to help rebuild the American economy and consistently hurting the future of our country. Ultimately, they are consistently ignoring their own values, principles and beliefs and as a result, the American People are going to suffer.
Without the bailout there might have been some temporary hurt, but the long term effect will be far worse because of the precedent this bill has set and the “Bail-Aholics” it will create. Within minutes of the bill passing the state of California was already in line asking to be the next recipient of a Government hand out. We are creating an economy where you cannot fail and by doing so disabling our ability to ever truly succeed.
I am afraid this is just the beginning of the bailouts. We must not go silent into the night, we have to continue to fight and stand up against these legislators."