Tag Archives: credit crisis

Credit “crisis” Christmas tree

Posted on October 1, 2008 | Comments Off on Credit “crisis” Christmas tree

Among others, the new, umpty billion save-us-all-from-the-Depression bill also includes the following:

  • Temporary Increase In Coal Excise Tax: Funding of Black Lung Disability Trust Fund
  • Tax Credit for Carbon Dioxide Sequestration
  • New Qualified Plug-in Electric Drive Motor Vehicles
  • Exclusion From Heavy Truck Tax for Idling Reduction Units and Advanced Insulation
  • Transportation Fringe Benefit to Bicycle Commuters
  • Extension of the Economic Development Credit for American Samoa
  • Extension of Mine Rescue Team Training Credit
  • Seven Year Cost Recovery Period For Motorsports Racing Track Facility
  • Tax Incentives for Investment in the District of Columbia
  • Permanent Authority for Undercover Operations

Proving that whatever happens to the country, in Congress, any day is a pork day. Oink.

Via Dealbreaker.

MORE:  Don’t forget the excise tax exemption for wooden arrows. Nothing about buggy whips, tho.

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Barney’s shame

Posted on September 30, 2008 | Comments Off on Barney’s shame

House Speaker Nancy Pelosi I have always had a hard time liking. But Barney Frank, once upon a time, was different. Maybe it’s the amusing way he talks, like he’s chewing his cud at the same time. Or his basic dishevelment, strange for a gay man, a breed that’s usually groomed.

But I can’t watch him do pressers about the awful GOP who won’t support the bailout. This whole thing has well been called "Barney’s Rubble." No one fought harder to keep the steam up when the Bush administration tried to halt the coming train wreck. No one got more "donations" from Fannie and Freddie, or bears more responsibility for what happened, not even Barney’s and Nancy’s best buddy Barry. In a way, the whole bailout is for what’s left of Barney’s piddling reputation.

Via Southern Appeal.

MORE: Wonder why Pelosi won’t allow an investigation (she calls it a "witch hunt") into who caused this mess? Come on, now. That’s a big enough tipoff, right there.

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