Topic: The bailout plan
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Fri 12/19/08 09:50 AM
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?


Etrain's photo
Fri 12/19/08 09:58 AM
Get the vasoline out...we're all gonna need itexplode explode explode

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Fri 12/19/08 10:02 AM
HEY LETS JUST CUT OUT ALL THIS FORIEGN AID NOW..........

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Fri 12/19/08 10:45 AM
That is a good idea. Why isn't it being done?

freeonthree's photo
Fri 12/19/08 11:04 AM
The government always does what it wants to, and caters to the rich. We don't matter frustrated

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Fri 12/19/08 11:05 AM
sad sad sad

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Fri 12/19/08 11:17 AM

The government always does what it wants to, and caters to the rich. We don't matter frustrated
SCREWW ALL THE FORIEGN CONTRIES THEN........