Filed under: bailout, bernanke, Big Banks, Congress, Credit Crisis, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, global economy, Great Depression, Greenback, henry paulson, House, hyperinflation, Inflation, Media, middle class, Paulson, puerto rico, Senate, Stock Market, tax, Taxpayers, US Economy, US Treasury, Wall Street | Tags: earmarks, hollywood, HR 1424, motorsports, movie, NASCAR, pork, pork barrel, pork barrel earmarks, Pork Barrel Spending, rum, run on banks, TV, unfunded mandates, virgin islands, wooden arrows
Hollywood Could Get Cut Of Bailout
LA Times
October 1, 2008
Hollywood would get a little unexpected boost from the proposed $700-billion bailout of the nation’s financial system.
The bill wending its way through Congress would provide tax breaks worth more than $470 million over the next decade for movie and TV producers that shoot in the U.S.
Bailout Bill Includes Tax Break For NASCAR
Miami Herald
October 2, 2008
A tax break for NASCAR racetracks and other motor-sports facilities is among the “sweeteners” tucked inside a 450-page financial-services bailout bill to make the package more palatable to lawmakers.
Rum, Wooden Arrows, and the Pork Barrel Bailout
George Washington’s Blog
October 2, 2008
The shock-doctrine peddlers are saying the world will end if the bailout isn’t passed. So you’d think that Congress would focus a little on fixing the financial crisis.
Instead, the Senate bailout bill includes issues of vital national importance such as :
Extension of economic development credit to American Samoa (p. 279)
Rum excise tax to Puerto Rico and the Virgin Islands (p. 279)
Motorsports racing track facility (p. 290)
Wool modifications (p. 295)
Children and wooden arrows (p. 300)
The list goes on and on . . .
It also includes plenty of unfunded mandates.
Indeed, it seems like pork barrel politics as usual in Washington.
Bailout bill is 451 pages long
http://news.yahoo.com/s/a..cnWOA64ch9GkocOsJ0lJv24cA
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