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Wednesday, October 01, 2008 

Senate passes pork, not bailout


The hypocrisy that is in Washington D.C. knows no bounds. As the Senate went to the floor and passed a bill that is going to lock the American worker into a debt that will only get worse as social security is continued to be robbed. The lack of credit surely will run out. This bill should be flushed NOW!


Harry Reid, Senator from Nevada must be spending to much time smoking illegal substances. His claim of alarming news that one of the country's premier insurance companies was about to go bankrupt if the crisis was not quickly resolved. Then turns around and stuffs a provision into this bill that burdens insurance companies with more liabilities. Tucked away in the tax provisions is a landmark health care provision demanding that insurance companies provide coverage for mental health treatment—such as hospitalization—on parity with physical illnesses.


Now some one some where explain this to me. PLEASE. How does crying bankruptcy then taxing those who are supposedly going under makes any sense at all. IT DOES NOT!


What this is if any one is paying attention is a move towards socialized medicine. By forcing Insurance companies to accept more medical burdens while supposedly lacking credit to pay for this. Now should the insurance companies actually go under it will be a simple move to claim as Washington is now for government control of yet another private enterprise.


More earmarks that have absolutely nothing to do with this financial crisis other then to add to it are as follows:


- Film and Television Productions (Sec. 502)


- Wooden Arrows designed for use by children (Sec. 503)


- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.


- Virgin Island and Puerto Rican Rum (Section 308)


- American Samoa (Sec. 309)


- Mine Rescue Teams (Sec. 310)


- Mine Safety Equipment (Sec. 311)


- Domestic Production Activities in Puerto Rico (Sec. 312)


- Indian Tribes (Sec. 314, 315)


- Railroads (Sec. 316)


- Auto Racing Tracks (317)


- District of Columbia (Sec. 322)


- Wool Research (Sec. 325)


Wool Research????? What the hell has this to do with the financial crisis? Other then saying the American taxpayers are sheep being lead to the financial slaughter.


Wooden Arrows for children to play with? HMMM, now here comes future legislation that will ban arrows as they may hurt some child who wasn't supervised by an adult and shot their eye out.


Even more sickening about all this is that both McCain and Obama support this balderdash. It favors Obama as he wants more government spending and government control. This however flies in the face of what McCain has been saying that he will veto earmarks and pork barrel spending.


Hey John! This bill is full of just that and you are supporting it. What is going on here?
At least the following Senators had the courage to vote NO on this pork for what ever rerason it still was a no vote. The bill passed the senate with a 74 to 25
Allard (R)Barasso (R)Brownback (R)Bunning (R)Cantwell (D)Cochran (R)Crapo (R)DeMint (R)Dole (R)Dorgan (D)Enzi (R)Feingold (D) Inhofe (R)Johnson (D)Landrieu (D)Nelson (FL) (D)Roberts (R)Sanders (I)Sessions (R)Shelby (R)Stabenow (D)Tester (D)Vitter (R)Wicker (R)Wyden (D) all voted no.

*


Recently an insurance company nearly wind up....


A bank is nearly bankrupt......filing chapter 11 protection.


How it affect you? Did you buy insurance? Did you buy mini note or bonds?



Who fault?


They bailout trouble finance company, but they will not bail out your credit card bills……You got no choice, and no point pointing finger but you can prevent similar things from happen again……


The top management of the Public listed company ( belong to "public" ) salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check……
Some might feel that it sound stupid….. as there is long and Short position…but in reality there is still many different caliber CEO…..so there is still long and short…..They can ban short selling definitely they can do something about this.......


Are you a partisan?

Sign a petition to your favourite president candidate, congress member, House of representative again and ask for their views to comment on this, and what regulations they are going to raise for implementation.....If you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...

http://remindmyselfinstock.blogspot.com/

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  • I'm Devious Mind
  • From Denver, Colorado, United States
  • Good judgemnt comes from experiance. Experiance comes from bad judgement. Karma, its a bitch.
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