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19 October 2008


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Remember the bail out bill?

"The draft bill includes a left-wing giveaway that would force
taxpayers to bankroll a slush fund for a discredited ally of the
Democratic Party," reads one leadership alert. "At issue is ACORN, an
organization fraught with controversy for, among other scandals, its
fraudulent voter registration activities on behalf of Democratic
candidates. Rather than returning any profits made in the long-term
from the economic rescue package, Democrats want to first reward their
radical allies at ACORN for their (often illegal) help in getting
Democrats elected to office."

I believe the ACORN issue was resolved, but were there still earmarks in it?

From Senator Obama's site:

Shine Light on Earmarks and Pork Barrel Spending:
Obama's Transparency and Integrity in Earmarks Act will shed light on
all earmarks by disclosing the name of the legislator who asked for
each earmark, along with a written justification, 72 hours before they
can be approved by the full Senate.

Fifth, we both agree that this financial rescue package should move on
its own without any earmarks or other measures. We have different views
about the need for other action, but this must be a clean bill.


The real purpose of section D is to send more funds to La Raza and ACORN through housing welfare, via the slush fund
of the HTF.  They want to float their political efforts on behalf of
Democrats with public money, which was always the purpose behind the
HTF.  They did the same thing in April
in the first bailout bill, setting aside $100 million in “counseling”
that went in large part to ACORN and La Raza, and at least in the
former case, providing taxpayer funding for a group facing criminal charges in more than a dozen states for fraud.

Senators quietly tucked a number of earmarks into the tax package of
the 451-page bill that was passed Wednesday night and is expected to be
put to a vote in the House today: a $2 million tax benefit for makers
of wooden arrows for children; a $100 million tax break to benefit auto
racetrack owners; $192 million in rebates on excise taxes for the
Puerto Rican and Virgin Islands rum industry; $148 million in tax
relief for U.S. wool fabric producers; and a $49 million tax benefit
for fishermen and other plaintiffs who sued over the 1989 tanker Exxon
Valdez spill.

So there you have it.  From the site, to the talk, to the action.  Consistency?  As the Democratic Party leader, he could have pushed through a clean bill and actually lead.


Update 10JULY10

2008 Obama-D S-D H-D Inflation 3.85%  Unemp 5.8% CPI 215.3
2009 Obama-D S-D H-D Inflation -0.34% Unemp 9.3% CPI 214.5

From big inflation in 2008 to negative in 2009. Curious as to why.
Unemployment the highest since 1983.
Consumer price index continues to rise, but if not inflation, then what, taxes?

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