Blogs & Comment

Bailout package pork

The new financial bailoutpackage U.S. Congress is reportedly poised to vote on provides some good insight into how Washington works.
CB senior writer John Gray twigged me to the “earmarks” in the US$700-billion bill, all intended to get those broad-minded congressfolk onside with the program. The spending fest includes new or extended tax breaks for:
– Film and Television Productions (Sec. 502) – Wooden Arrows designed for use by children (Sec. 503) – a six-page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504) – 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) – the District of Columbia (Sec. 322) – Wool Research (Sec. 325)
John asks: “What the hell is wool research?”
Even in the grip of the greatest crisis to shake the U.S. economy in 75 years, there is a little somethin’ left over for pork-barreling.