Topic: The bailout plan | |
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The $700 billion "bailout" for Wall Street -- officially known as the Emergency Economic Stabilization Act of 2008 -- contains multiple "earmarks", or special funding for various pet projects, that add as much as $100 billion more to the costs.
The first proposal by the Treasury Dept. was 3 pages. The failed House version. The final bill that was passed was over 450 pages. Some of the earmarks tucked into the bill's pages by both Democrats and Republicans include: $2 million tax benefit for manufacturers of toy wooden arrows for children $100 million tax break to benefit automotive racetracks $192 million in rebates for the Puerto Rican and Virgin Islands rum industry $224 million for temporary emergency penthouses for financial company executives $148 million in tax relief for U.S. wool fabric producers who use imported yarn $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill $48 million a year for film and TV producers who produce their work in the United States $33 million tax credit for select corporations earning income from American Samoa The punch line? All of those provisions are true -- except for one. Can you figure out which one is fake? |
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Get the vasoline out...we're all gonna need it
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HEY LETS JUST CUT OUT ALL THIS FORIEGN AID NOW..........
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That is a good idea. Why isn't it being done?
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The government always does what it wants to, and caters to the rich. We don't matter
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The government always does what it wants to, and caters to the rich. We don't matter ![]() |
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