The American citizen, the taxpayer, should be infuriated by the bailout bill just passed by congress. Think your representative can’t be bribed? Think your representative is most interested the economy when deciding on how to spend your tax dollars? Then you better think again.
It took $110B of earmarks to make a “bad” bill “good”. How is that? How does $2M in tax exemptions for wooden arrow manufacturers, producers, or importers, sponsored by the Oregon Senators, help the financial sector. How does that make the bailout bill better? How does $100M in tax breaks for race track owners strengthen our economy? How is $192M tax rebate for Puerto Rican and the Virgin Island Rum good for the troubled financial sector? How does extending a $19B tax break for companies such as Microsoft Corp., Boeing Co., United Technologies Corp., Electronic Data Systems Corp. and Harley-Davidson help our banks and homeowners facing foreclosure?
These are just some of the earmarks it took to convince your representatives to vote for the bailout bill. Just some of pork it took to make a “bad” bailout bill good enough for your Senators and Congressmen to vote in favor of. Each of you should visit Taxpayers for Common Sense and see some more of the heapings of pork that got piled on the bill in order for it to good enough for your representative to vote in favor of.
Happy with how your tax dollars are now going to be spent to bailout the financial sector? You shouldn’t be. You should be flat out pissed off at how your elected government officials, officials YOU voted for decided how to spend YOUR tax dollars.
Call them, write them, email them, and ask them how it is that $10M in benefits for bicycle commuters helps the credit market. How $148M in tariff relief on wool helps ease the credit market and struggling home owners. How in the world it is they could vote in favor of spending YOUR tax dollars only after all this pork was added but not before. These are your representatives. The people YOU elected to decide how to spend YOUR tax dollars. Take the time to let them know what you think.