The bailout machine is operating at high RPMs right now and there is nothing we can do about it. It's clear that we aren't supposed to have a say in the matter. So maybe this is best.
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9 comments:
Those are some cute kids, Lou.
Awesome kids. Good photo too.
Paul writes,
Yup, way cute, and way more important than Washington/Wall Street.
You may want to cover both their eyes and ears. What's coming is not for the young.
This Monkey's Gone to Heaven!
They wanted to know why I set the camera to auto-timer and then asked them to pose like that. I had an interesting conversation with them explaining the meaning of the three monkeys.
My son is old enough for Animal Farm, I think. I will try to encourage him to read it this weekend. I read it when I was his age, and I was enthralled.
Paul writes,
A Pixies on Lou Minnatti?
Whod'a thunk it?
You might not see it, hear it, or speak it, but Shizaru, the fourth monkey who will "do no evil" is nowhere in sight today, so the Senate is running amok.
The bill has become a pork fest frenzy, ballooning from 109 pages to 451 pages -- so far. There are incredible numbers of completely unrelated items patched into the dog's breakfast, a veritable case study in bad legislation.
Or is it "bad" if that pork encourages just a few more reps to vote for it once the Senate goes home and leaves the House in a take-it-or-leave-it situation with nobody in town to compromise on the bill on the Senate side?
Tell those ueber-cute kids that they better start mowing lawns now if they expect to be able to pay for all this in their lifetimes.
Porkfest!!! This new bill is even worse than I thought! As the media puts it "there are some sweeteners for Main Street". Are there really?
Sorry for the bandwidth Lou; I did try to edit this list to only the highlights of what's in the bill the House will vote on Friday, so here's the "short list":
Subpart F exception for active financing income.
Extension of 15-year straight-line cost recovery for qualified leasehold
improvements and qualified restaurant improvements; 15-year
straight-line cost recovery for certain improvements to retail
space.
Extension of mine rescue team training credit.
Indian employment credit.
Seven-year cost recovery period for motorsports racing track facility.
Extension of work opportunity tax credit for Hurricane Katrina employees.
Extension and modification of duty suspension on wool products; wool
research fund; wool duty refunds.
Provisions related to film and television productions.
Exemption from excise tax for certain wooden arrows designed for
use by children.
Secure rural schools and community self-determination program.
Temporary tax-exempt bond financing and low-income housing tax relief
for areas damaged by Hurricane Ike.
Nonqualified deferred compensation from certain tax indifferent parties.
Stock in RIC for purposes of determining estates of nonresidents not
citizens.
Additional standard deduction for real property taxes for nonitemizers.
0.2 percent FUTA surtax.
Elimination of the different treatment of foreign oil and gas extraction
income and foreign oil related income for purposes of the
foreign tax credit.
Accelerated recovery period for depreciation of smart meters and
smart grid systems.
Credit for non-business energy property.
Transportation fringe benefit to bicycle commuters.
Extension of suspension of taxable income limit on percentage depletion
for oil and natural gas produced from marginal properties.
Exclusion from heavy truck tax for idling reduction units and advanced
insulation.
Carbon audit of the tax code.
Certain income and gains relating to industrial source carbon dioxide
treated as qualifying income for publicly traded partnerships.
Temporary increase in coal excise tax.
Credit for steel industry fuel.
--- There is much, much more in there. Ya gotta love it. Please, Congress-critters, vote NO and let's try this trick again on Monday.
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