Bear with me on this, it's part rant and mostly fact.  We keep hearing that the government wants to pass a much needed $700 billion dollar bailout package or the economic situation in the United States will meltdown.  It's pretty much the use of fear to get us to go along with it.  Think of it like a Madlib, "You must do (verb) to protect (noun we care about) from (noun)".  For example, "You must pass the Patriot Act to protect American freedom from terrorists".  Except here it's "You must pass the economic bailout to protect your 401k and assets from meltdown."

That being said, I actually read the 451 page economic bailout package that Congress passed last night and found some absolute garbage that has been added to the bailout package (my personal favorite being the EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN).  I know the list is long (that's what she said), but it is a list of just some of the examples of what has been added to this bloated package.  If you are at all bothered by this, I suggest you contact your representatives in the House and urge them not to pass this bill. 

Okay, here you go:

Things in the Bill:

SEC. 101. PURCHASES OF TROUBLED ASSETS.
AUTHORITY — The Secretary is authorized to establish the Troubled Asset Relief Program (or TARP) to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary, and in accordance with this Act and the policies and procedures developed and published by the Secretary.

Credits for green energy initiative and energy efficient homes

Credit for Steel Industry Fuel (is a liquid, gaseous, or solid fuel produced from coal, including lignite, or high carbon fly ash, including such fuel used as a feedstock)

Carbon Mitigation and Coal Provisions (EXPANSION OF AGGREGATE CREDITS is amended by striking $1,300,000,000 and inserting $2,550,000,000)

EXPANSION AND MODIFICATION OF COAL GASIFICATION INVESTMENT CREDIT.

TAX CREDIT FOR CARBON DIOXIDE SEQUESTRATION.  The carbon dioxide sequestration credit for any taxable 4 year is an amount equal to the sum of (1) $20 per metric ton of qualified carbon dioxide which is—
   (A) captured by the taxpayer at a qualified facility, and
   (B) disposed of by the taxpayer in secure geological storage, and
(2) $10 per metric ton of qualified carbon dioxide which is—
   (A) captured by the taxpayer at a qualified facility, and
   (B) used by the taxpayer as a tertiary injectant in a qualified enhanced oil or natural gas recovery project.

SEC. 201. INCLUSION OF CELLULOSIC BIOFUEL IN BONUS DEPRECIATION FOR BIOMASS ETHANOL PLANT PROPERTY.

SEC. 202. CREDITS FOR BIODIESEL AND RENEWABLE DIESEL.

SEC. 205. CREDIT FOR NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.
APPLICABLE AMOUNT
   (A) $2,500, plus
   (B) $417 for each kilowatt hour of traction battery capacity in excess of 4 kilowatt 24 hours.

SEC. 206. EXCLUSION FROM HEAVY TRUCK TAX FOR IDLING REDUCTION UNITS AND ADVANCED INSULATION (IDLING REDUCTION DEVICE — Any device or system of devices which is designed to provide to a vehicle those services (such as heat, air conditioning, or electricity) that would otherwise require the operation of the main drive engine while the vehicle is temporarily parked or remains stationary using one or more devices affixed to a tractor, and is determined by the Administrator of the Environmental Protection Agency, in consultation with the Secretary of Energy and the Secretary of Transportation, to reduce idling of such vehicle at a motor vehicle rest stop or other location where such vehicles are temporarily parked or remain stationary.

SEC. 207. ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY CREDIT.

SEC. 211. TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.

SEC. 303. ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION.

SEC. 304. NEW ENERGY EFFICIENT HOME CREDIT.

SEC. 305. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS AND QUALIFIED RESTAURANT IMPROVEMENTS; 15-YEAR STRAIGHT-LINE COST RECOVERY FOR CERTAIN IMPROVEmENTS TO RETAIL SPACE.

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. 310. EXTENSION OF MINE RESCUE TEAM TRAINING CREDIT.

SEC. 314. INDIAN EMPLOYMENT CREDIT.

SEC. 316. RAILROAD TRACK MAINTENANCE.

SEC. 325. EXTENSION AND MODIFICATION OF DUTY SUSPENSION ON WOOL PRODUCTS; WOOL RESEARCH FUND; WOOL DUTY REFUNDS.

SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.  Shall not apply to any shaft consisting of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly—
(i) measures 5⁄16 of an inch or less in diameter, and
(ii) is not suitable for use with a bow described in paragraph (1)(A).’’.

SEC. 504. INCOME AVERAGING FOR AMOUNTS RECEIVED IN CONNECTION WITH THE EXXON VALDEZ LITIGATION.

Subtitle B—Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008

SEC. 601. SECURE RURAL SCHOOLS AND COMMUNITY SELF DETERMINATION PROGRAM.
‘‘The purposes of this Act are—
(1) to stabilize and transition payments to counties to provide funding for schools and roads that supplements other available funds;
(2) to make additional investments in, and create additional employment opportunities through, projects that—
   (A)(i) improve the maintenance of existing infrastructure;
      (ii) implement stewardship objectives that enhance forest ecosystems; and
      (iii) restore and improve land health and water quality;
   (B) enjoy broad-based support; and
   (C) have objectives that may include—
      (i) road, trail, and infrastructure maintenance or obliteration;
      (ii) soil productivity improvement;
      (iii) improvements in forest ecosystem health;
      (iv) watershed restoration and maintenance;
      (v) the restoration, maintenance, and improvement of wildlife and fish habitat;
      (vi) the control of noxious and exotic weeds; and
      (vii) the reestablishment of native species; and
(3) to improve cooperative relationships among—
   (A) the people that use and care for Federal land; and
   (B) the agencies that manage the Federal land.

SEC. 702. TEMPORARY TAX RELIEF FOR AREAS DAMAGED BY 2008 MIDWESTERN SEVERE STORMS, TORNADOS, AND FLOODING.

SEC. 457A. NONQUALIFIED DEFERRED COMPENSATION FROM CERTAIN TAX INDIFFERENT PARTIES.
‘‘(a) IN GENERAL.—Any compensation which is deferred under a nonqualified deferred compensation plan of a nonqualified entity shall be includible in gross income when there is no substantial risk of forfeiture of the rights to such compensation."

It's definitely not lawn darts, those things were banned a long time ago.

As long as she doesn't trip over her words tonight she'll probably be considered "the winner" insomuch as any actual debating done by Biden will be considered an attack on a baby deer.

Geez, Alaska is a strange place.

I'm casting my vote for Anarchy.  How do you write in a candidate on a voting machine?

Tag that shit.  And make sure it references the GK Ave. boys.

Fuckin' politicians.
Nothing ever changes.

SEC. 314. INDIAN EMPLOYMENT CREDIT.


feather indians or dot indians?

Thanks for writing this... it was real entertaining.  Also, I like to think that our government is politically incorrect enough to say 'indian' and not 'Native American' - hell, I think they should take it one step further and call it the Redman Employment Credit.

That's why I'm confused, Indians doesn't make sense to me? And if it's Native Americans they are refering to then that's really not PC at all.

I do believe that Indian is an acceptable term. The American Indian Movement uses it, and check out their Racism in Sports page.

http://www.aimovement.org/ncrsm/index.html

The intent of the Indian Employment Credit is to provide businesses with an incentive to hire certain individuals who live on or near an Indian reservation.

Glad that's been cleared up!

Stay tuned for World War I part deux

All the more proof that now is the time to invest in dirigibles.