Friday, October 3, 2008

Senate Bailout Bill Same as House Rejected

Update: And THEY WON! I'm watching the House vote as it happens!

Time to start HANGING CONGRESSPEOPLE!!!!!!!!!!!!!!!

Readers, What Part of "NO!" Does the U.S. Congress Not Understand?

Sweetening shit doesn't change anything!

"The core of the financial rescue package remains the same: granting Treasury Secretary Henry Paulson wide latitude to buy or insure bad mortgage-related debt from shaky Wall Street firms."

You guys REJECTED IT ONCE, so do the PEOPLE'S WILL and DO IT AGAIN!!!

Please!!!!!!!

"A wait to see if tax breaks will swing bailout vote" by Michael Kranish and Bryan Bender, Globe Staff | October 3, 2008

WASHINGTON - The House of Representatives is expected to vote today on a revamped version of President Bush's sweeping $700 billion economic rescue package, which has grown to include more than $100 billion in tax provisions that affect everything from Puerto Rican rum imports to motor racing speedways, mental health coverage and the alternative minimum tax.

Those provisions - "sweeteners" the Senate added to push the bill through the House - have convinced several lawmakers, who helped defeat it, to change their minds. By yesterday, however, the add-ons had failed to convince some members, further irritated others, and no one on Capitol Hill was bold enough to predict the bill's fate.

"I'm optimistic that we will take a bill to the floor," said House Speaker Nancy Pelosi, a California Democrat. The bill wouldn't reach the floor for a vote, she added, unless the odds were high that enough members would approve it.

Translation: If they vote, the BRIBES and ARM-TWISTING FASCISM WORKED!!!

And several of the proposals were designed to make it tough for some members to say no. One benefit seemed to be aimed specifically at Representative Mike Thompson, a Democrat of California, who has backed the auto racing tax break and was among 95 House Democrats who voted down the rescue package.

The core of the financial rescue package remains the same: granting Treasury Secretary Henry Paulson wide latitude to buy or insure bad mortgage-related debt from shaky Wall Street firms. The version the House will now consider has tax breaks for corporate research and development projects and an "enhanced charitable deduction" for people who donate books to public schools. A number of lawmakers who voted against the bill on Monday said they planned to vote for it today.

I hate that fucking cesspool of corruption down there! Time to start hanging people!!!!

Support for some of the add-ons began at the top: Pelosi, a California Democrat, applauded the extension of roughly $15 billion in tax breaks for companies that create ways to use solar and wind energy, which she called one of her "flagship" issues. But the bill also included about $1.5 billion in tax-break extensions for oil, gas, and coal manufacture and production - including benefits for an as-yet-developed program to transform coal into liquid fuel.

I say we START with "impeachment is off the table" PELOSI!!!!!!!

Representative Jim Ramstad, a Minnesota Republican, said he would switch from a no vote to a yes vote partly because the legislation includes benefits for one of his top priorities: medical insurance parity for mental health patients, along with "major tax relief."

Yeah, well, YOU GUYS should have YOUR HEADS CHECKED!!

Acting like a bunch of DATE RAPISTS!!!!!

The changes "caused me to reconsider my position," Ramstad said in a statement. "The revised bill is a recovery bill for the economy and a recovery bill for millions of Americans suffering the ravages of mental illness and addiction."

You mean, like YOU GUYS in CONGRESS -- addicted to WALL STREET CAMPAIGN CASH??

One eyebrow-raising provision in the revamped bill is the suspension of a 39-cent excise tax on arrows made from natural wood, which had been backed by Senators Ron Wyden and Gordon Smith of Oregon; the tax relief would benefit Rose City Archery in Myrtle Point, Ore., among others. Overall it is estimated to cost taxpayers $2 million in lost revenue over 10 years. Myrtle Point is represented in the House by Peter DeFazio, a Democrat who voted against the bailout plan on Monday.

So he will be BOUGHT OFF by this?! Then OUT HE GOES, Oregon voters!!!!!

Who gives a flying fuck about increasing the debt, 'eh?

Not all of the lawmakers who saw items from their "wish-list" included on the bill said it was enough to change their minds. Representative Brad Sherman, a California Democrat, said the Senate version of the bill contains some tax changes that "aren't too bad," including a system to recoup some of the $700 billion through corporate taxes. Nevertheless, he said he "absolutely" will not change his vote from no to yes and help approve a bad solution to the financial crisis.

Can we hold enough of them? I'm not hopeful.

"We don't have to panic. The panic-mongers were to the point of telling people the market would drop 3,000 points and there would be martial law" on Wall Street, Sherman said. "The exaggerated fear-mongering turned out not to be true."

You mean, the GOVERNMENT and WALL STREET are LYING?

(Gasp)

Of the three House Democrats from Massachusetts who rejected the package on Monday, Stephen Lynch and William Delahunt both said they would continue to vote no. John Tierney said through a spokesman he was studying it. --more--"

Pelosi must be bringing MUCH PRESSURE to bear!!!