US bank bailout plan: now comes the hard part

[tismyself]

From the Times Online:

The new bill is a much broader economic support package that goes well beyond the Treasury’s acquisition of Wall Street’s toxic assets. In an effort to win over a critical mass of Republicans in the House – who voted heavily against the first bill - It includes extensions of tax cuts for businesses that were set to expire in the next year, as well as some extra tax relief for middle-income earning individuals who would have paid a big increase in their tax burden.

But in classic Washington style it has also been loaded up with all kinds of extra fiscal sweeteners for doubtful constituents out in the country. These include everything from support for research into the woollen industry to an excise tax exemption for children’s toy wooden arrows.

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article4864994.ece

[alarimer]

1. Tax Cuts? That's insane!

They want the government to be bankrupt. Fuck those republican pieces of shit. Let them vote this crap down.

[Skink]

2. THhe Democrats have a majority right?

[tom_paine]

3. No, The Rich and The Corporations have poltiical majorities...VAST majorities

in dollars, which is all that counts in Imperial Amerika, aside from naked brutal greedy power.

The Amerikan Subject Populace has about twenty or so ragtag Congressional "losers" who the Bushies and the Pelosi Dems laugh at and indulge for their quaint impotence.

That's it. 20 or so representatives for 299,000,000 of us.

515 or so representatives for 1,000,000 of our Aristocratic Masters.

[tismyself]

4. that about says it all

Seriously, the USA really is a plutocracy isn't it? And it was in the beginning too - I hate to bring it up, but that was the root of the entire electoral collage fiasco, was it not?

[Poseidan]

5. bunch of crap, in other words... selling points, not legitimate solutions

Local, state and federal governments working together, federal lending to state, state lending to local, state and local lending to businesses/people, problem should be solved. Upon recoup of loans, given interest, lower-taxes would result.