Senate Sticks It to U.S. Taxpayers

"Senate firmly backs bailout; Incentives added to sway lawmakers; prospects for bill in House uncertain" by Michael Kranish, Globe Staff and Jenny Paul, Globe Correspondent | October 2, 2008

WASHINGTON - Senate Majority Leader Harry Reid, a Nevada Democrat, after the vote:

"This is not a piece of legislation for lower Manhattan. It's a piece of legislation for all Americans. [US taxpayers] have a right to be frustrated with the economic crisis we face, and we share that with them. But inaction is not an option . . . It is my expectation the House of Representatives will follow suit."

Nonetheless, the opponents of the measure were outspoken and angry.

Like ME!

Senator Jim DeMint, a South Carolina Republican, opposed the bill, decrying what he called an enormous expansion of governmental authority:

"While we're asking Americans to bail us out, we're still spending money like there's no tomorrow. Congress is being dishonest and arrogant [about what caused the problem and what is needed to fix it]."

That sure is nothing new -- an arrogant, dishonest Congress!!!!

Of the two Massachusetts Democrats, Senator John F. Kerry voted for the legislation, saying it was "very important" to pass the bill and enable credit to flow.

Oh yeah? U.S. Banks Driving Credit Crunch ON PURPOSE!!

And THERE GOES MY VOTE for YOU, asshole!!!!!

I will VOTE for the FASCIST REPUBLICAN OPPONENT come Nov. 5th, Kerry -- the FIRST TIME I WON'T VOTE for YOU!!!!

While Senator Edward M. Kennedy was not present, as a result of his illness, he said in a statement the measure was a regrettable necessity.

I know the guy is sick, but he's ANOTHER DISAPPOINTMENT!

The Senate bill was filled with new measures. They included the extension of corporate tax breaks, such as one for research and development, tax relief for people hit by natural disasters, and renewable energy incentives. The measure also included a provision that would prevent more 20 million middle-income taxpayers from having to pay increased taxes under the alternative minimum tax.

Senators also agreed to a one-year increase in the federal insurance on individual bank deposits from $100,000 to $250,000. The measure was designed in part to boost consumer confidence in banks and to protect the assets of small business owners.

US Representative Stephen Lynch, a Massachusetts Democrat, while saying he supported the provision, objected to so many other measures being added to the bill:

"If we're going to debate those issues, let's debate them, but don't just hang them on like it's some kind of Christmas tree. We've got a crisis on our hands. Let's get our economy stabilized, and we've got plenty of time for this other stuff." --more--"

I just want you guys to DO the PEOPLE'S WILL and TURN DOWN THIS THING!!

However, I get the awful feeling that that is not going to happen.

I need to go now because I am really angry and hurt, and I don't want to start spewing!