NEED HELP DU FAMILY! ASAP!

[maseman]

A friend is a radio talk show host. He is going on the air right now and ripping some ass on the earmarks in the recently voted Senate bailout plan.

He has a few of the earmarks but is their a good list somewhere of all the pork in the most recent bill passed last night? I am googling my ass off but cannot find anything.

Help?

on edit...also looking for costs associated with each earmark and who is the Senator with the pork in the bill?

[Bicoastal]

1. Stop googling your ass off...

...you'll go blind. :evilgrin:

[maseman]

2. I usually only Google in the shower...

:crazy:

[wryter2000]

3. Don't know the answer

But I'll give you a kick.

[meegbear]

4. Here's a pdf, I think this is it ...

but it's 451 pages.

http://graphics8.nytimes.com/images/blogs/dealbook/senate_bailout.pdf

hope this helps.

[4 t 4]

5. Here is one of them...

Senators attached a provision repealing a 39-cent excise tax on wooden arrows designed for children to an historic $700 billion financial-markets rescue that passed tonight by a vote of 74-25. The provision, originally proposed by Oregon senators Ron Wyden and Gordon Smith , will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year.

It's one of dozens of tax breaks benefiting Hollywood producers, stock-car racetrack owners and Virgin Islands rum-makers included in the broader legislation in an effort to win support from House Republicans, whose defection contributed to a rejection of an earlier version of the legislation two days ago on a 228-205 vote

[TexasLawyer]

6. Don't forget that the spending authorization is UNLIMITED

The spending authorization under the bailout plan is NOT $700 billion. It is actually UNLIMITED. Here is a thread on the topic:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4147701


Under both the House and Senate bills, Henry Paulson is empowered to purchase as many troubled assets as he pleases as long as the assets, once purchased, are re-sold.

The phrase "outstanding at any one time" qualifies all dollar caps in Section 115 of both the House and Senate bills. One paragraph of the proposed statute-- Section 115(a)(1)-- authorizes immediate discretionary spending by the Secretary of the Treasury limited to "$250 billion outstanding at any one time." This paragraph alone allows expenditures (and potential taxpayer losses) well in excess of $700 billion.

Here is a scenario in which the $250 billion cap is never exceeded yet the program quickly costs taxpayers well in excess of $700 billion. Henry Paulson buys $100 billion in "troubled assets" every week, then sells those assets the next week for 10 cents on the dollar. Each time this happens a $90 billion loss is incurred. In just 3 months, this process could result in a dead loss to taxpayers of a trillion dollars.

The "outstanding at any one time" qualification also establishes perverse incentives. Instead of the more prudent approach of buying and holding better assets until the market strengthens, the incentive is to buy assets indiscriminately and to re-sell immediately. This is the very "fire-sale" approach which the bailout plan was supposedly designed to avoid.

Much of this buying and selling is made specifically subject to the Secretary of the Treasury's (Hank Paulson's) discretion. For the non-lawyers out there: matters committed by statute to agency discretion are generally unreviewable by the courts.