October 21, 2008
A few weeks ago Congressional leaders said they had to pass a $700 billion economic rescue plan quickly to save us all from economic ruin. Their first effort failed, so they got together again to improve the plan. How did they make it better? There were a handful of small substantive changes. But the big adjustment was to pack it with pork.
Get this. The final bailout bill included $192 million in tax rebates for the Puerto Rican and Virgin Islands rum industry , $148-million in tax breaks for wool fabric producers, $100 million to help racetrack owners.