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Is It A Bailout Or A Global Warming Bill?

From the “bailout” bill, pp 114-5:

(Click images to enlarge)

But mind you, this was an unprecedented emergency.

This article was posted by Steve on Thursday, October 2nd, 2008. Comments are currently closed.

7 Responses to “Is It A Bailout Or A Global Warming Bill?”

  1. therightguy says:

    The man caused global warming movement and the bailout movement share the same hysteria in fomenting Fear, Uncertainty and Doubt as a method in liberating people from not only their cash, but controlling their time on this planet. It’s just another socialist ploy to further subjugate man to a man made authority. The far left and right actually found common ground here. Is that what bipartisan cooperation is about? I’ll pass…

  2. 1sttofight says:

    Some one remind me again just how much Pelosi has invested in Pickens wind farm scam?

  3. Reality Bytes says:

    Actually global warming causes stock market crashes AND STOCK MARKET CRASHES CAUSE GLOBAL WARMING.

    It’s a yin and yang kinda thing – kinda like a 69 politically speaking of course.

  4. JohnMG says:

    Reality Bytes ; …..”kinda like a 69 politically speaking of course……”

    If that’s the case then why does it feel like this to me? B<—-:

  5. Notice 33 million for companies in American Samoa. Two major companies (75% of work force): StarKist & Chicken of the Sea. StarKist in Pelosi’s district. Chicken is also in California.


    This is how Washington works,” said Keith Ashdown of Taxpayers for Common Sense, a Washington research group. “A big pot of pork is their recipe for final passage.”

    The special provisions include tax breaks for:

    * Manufacturers of kids’ wooden arrows – $6 million.

    * Puerto Rican and Virgin Is- lands rum producers – $192 million.

    * Wool research.

    * Auto-racing tracks – $128 million.

    * Corporations operating in American Samoa – $33 million.
    […Samoa is StarKist Tuna, which owns one of the two packing plants that together employ more than 5,000 Samoans, or nearly 75 percent of the island’s work force. StarKist’s parent company, Del Monte Corp., has headquarters in San Francisco, which is represented by Mrs. Pelosi.]

    * Small- to medium-budget film and television productions – $10 million.

    Another measure inserted into the bill appears to be a bald-faced bid aimed at winning the support of Rep. Don Young (R-Alaska), who voted against the original version when it went down in flames in the House on Monday.

    That provision – a $223 million package of tax benefits for fishermen and others whose livelihoods suffered as a result of the 1989 Exxon Valdez oil spill – has been the subject of fervent lobbying by Alaska’s congressional delegation.

    Some of the pork-barrel measures buried in the financial rescue package had been contained in a bill that previously passed the Senate, but died in the House.

    The Congressional Budget Office said the package of breaks – including obvious pork and some more defensible tax-relief measures – will add about $112 billion to budget deficits over the next five years because the bill doesn’t contain enough offsetting revenue hikes to keep the budget balanced.

    The legislative lard annoyed Tom Schatz, president of the watchdog group Citizens Against Government Waste.

    “There’s always something that goes on at the end where the last dozen members are trying to get something for themselves or for a special interest rather than what might be good for the country,” Schatz said.

    Some of the other measures added to win approval include a $3.8 billion health-care provision that forces insurance companies to provide coverage for mental-health treatment equivalent to the coverage they provide for physical illness.

    Other add-ons will increase individual tax credits and help shield more than 20 million Americans from the painful alternative minimum tax, and offer breaks for businesses that invest in alternative fuels.

    Also, several federal income-tax breaks due to expire will now be extended through 2009.
    Originally published 12:07 a.m., January 12, 2007, updated 12:00 a.m., January 12, 2007
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    House Republicans yesterday declared “something fishy” about the major tuna company in House Speaker Nancy Pelosi’s San Francisco district being exempted from the minimum-wage increase that Democrats approved this week.

    “I am shocked,” said Rep. Eric Cantor, Virginia Republican and his party’s chief deputy whip, noting that Mrs. Pelosi campaigned heavily on promises of honest government. “Now we find out that she is exempting hometown companies from minimum wage. This is exactly the hypocrisy and double talk that we have come to expect from the Democrats.”

    On Wednesday, the House voted to raise the minimum wage from $5.15 to $7.25 per hour.

    The bill also extends for the first time the federal minimum wage to the U.S. territory of the Northern Mariana Islands. However, it exempts American Samoa, another Pacific island territory that would become the only U.S. territory not subject to federal minimum-wage laws.

    One of the biggest opponents of the federal minimum wage in Samoa is StarKist Tuna, which owns one of the two packing plants that together employ more than 5,000 Samoans, or nearly 75 percent of the island’s work force. StarKist’s parent company, Del Monte Corp., has headquarters in San Francisco, which is represented by Mrs. Pelosi. The other plant belongs to California-based Chicken of the Sea.

  6. Grassy Knoll says:

    Leave it to the Senate. They took a stinking pile of garbage and made it smell even worse. I was listening to Sen. Carl Levin babble on the Mitch Albom radio show last night about how great this package is and what a wonderful job the Senate has done. He said that without this package no one can get a home mortgage or a car loan. He didn’t say it would be tougher or more difficult; he said no one right now is getting a home or car loan. So unless you have cash you can’t buy a car or a house. Carl has spoken and he always speaks the truth. And he defended the pork in the bill as necessary. I was actually shocked when Albom challenged him on that. Is Bush really going to sign this if it passes the House?

  7. BillK says:

    Amazing, considering I spoke to a local car dealer last night and he stated that as long as you have good credit banks aren’t even blinking an eye when it comes to leases or loans.

    Unfortunately so many people have poor credit and/or have rolled their last three upside-down loans into their current one, the “impossible'” phrase has resonance. :(

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