Sunday, October 5, 2008

Emergency Economic Stabilization Act filled with goodies for all

We have a national crisis and the instead of focusing on the issue at hand we see politician load up the Treasury bail-out (TARP)plan with tax breaks of all types. Included in the bill are things like: a repeal of the 39 cent children's arrow tax, tax breaks for alternative energy, corporate tax write-offs, incentives for investing in Indian reservations Notice that all of these are not even focused on the housing markets which were the initial problem of the credit crisis. Without those Christmas ornaments, the bill would not have passed.

Leadership from both presidential candidates who have both stated that they are for cutting waste and earmarks agreed with the bill. No one said stop the process, so not only are we going to pay for a bail-out but we are going to cut revenue to make up for the the debt shock.

Why can't we get a clean bill on a single topic so that we have clarity on what is being passed and a national focus on the direct problem on hand?

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