Sunday, September 28, 2008

The Calvary............?

Good thing Congress is making “tremendous progress” and the bailout is “almost a done deal.” According to Pennsylvania Rep. Paul Kanjorski, a senior member of the House Financial Services Committee, the “votes are there” for a passage from both chambers.
“Tell the American people the cavalry has arrived,” Kanjorski said, without cracking a smile. Just what we were afraid of.
For their own enjoyment, the House also quietly approved a $630 billion spending bill, ostensibly to keep the government’s doors open through March. The 2009 spending bill, passed by a vote of 370-58, greased along with over 2,300 “pet projects” for individual representatives.
The spending bill includes a $25 billion loan to U.S. automakers, which they’ll have to pay back over 25 years at an interest rate of 5%. Yeah, that’s a free market. They’re also giving a record $488 billion to the Department of Defense.

No comments: