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Post by **Avilister** » Mon Sep 29, 2008 1:20 pm

This just in: The House has shot down the bailout! More news at 11.

Post by **rydi** » Mon Sep 29, 2008 1:45 pm

i saw. made me ecstatic. fuck the bailout. learn some goddamned responsibility people.

arete · Post by **arete** » Mon Sep 29, 2008 7:19 pm

the parties are killing me. fuck both of them for fighting like they are. I do not want the economy to crash.

ps cheyne you asked how my dad felt, and he really wants the bail out just so he doesn't have to worry about his retirement. apparently self interest is greater then republican values.

Post by **rydi** » Tue Sep 30, 2008 12:15 am

lol. pretty much.

Post by **Avilister** » Tue Sep 30, 2008 3:26 pm

Looks like there won't be a Great Depression II: Electric Boogaloo

We "may" get a recession. I think we covered this already. We're already in a recession. These people need to get with the times.

Post by **Avilister** » Tue Sep 30, 2008 3:49 pm

Aparently real economists say to ignore the media:

http://www.prospect.org/csnc/blogs/beat ... t_the_ec_2

Post by **rydi** » Tue Sep 30, 2008 3:58 pm

thanks for the links

Ana · Post by **Ana** » Tue Sep 30, 2008 5:48 pm

For anyone who (like myself) wanted a clearer idea of what exactly the bailout was doing.

http://www.washingtonpost.com/wp-dyn/co ... 00900.html

Post by **rydi** » Tue Sep 30, 2008 8:40 pm

more links!

woohoo!

Rusty · Post by **Rusty** » Tue Sep 30, 2008 8:52 pm

and this link explains it in plain english:

http://www.zombo.com

Post by **Avilister** » Fri Oct 03, 2008 1:32 pm

I think I've found my favorite part of the Bailout Plan that the Senate passed

It is located under

DIVISION C—TAX EXTENDERS AND ALTERNATIVE MINIMUM TAX RELIEF
TITLE V—ADDITIONAL TAX RELIEF AND OTHER TAX PROVISIONS
Subtitle A—General Provisions
Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.

And I quote from the document itself:

8 SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN
9 WOODEN ARROWS DESIGNED FOR USE BY
10 CHILDREN.
11 (a) IN GENERAL.—Paragraph (2) of section 4161(b)
12 is amended by redesignating subparagraph (B) as subpara
13 graph (C) and by inserting after subparagraph (A) the fol
14 lowing new subparagraph:
15 ‘‘(B) EXEMPTION FOR CERTAIN WOODEN
16 ARROW SHAFTS.—Subparagraph (A) shall not
17 apply to any shaft consisting of all natural wood
18 with no laminations or artificial means of en
19 hancing the spine of such shaft (whether sold sep
20 arately or incorporated as part of a finished or
21 unfinished product) of a type used in the manu
22 facture of any arrow which after its assembly—
23 ‘‘(i) measures 5⁄16 of an inch or less in
24 diameter, and
1 ‘‘(ii) is not suitable for use with a bow
2 described in paragraph (1)(A).’’.
3 (b) EFFECTIVE DATE.—The amendments made by this
4 section shall apply to shafts first sold after the date of enact5
ment of this Act.

Hooboy.

Other winners from Subtitle A:

Sec. 502. Provisions related to film and television productions.
Sec. 504. Income averaging for amounts received in connection with the Exxon Valdez litigation.

Post by **rydi** » Fri Oct 03, 2008 1:51 pm

was that a joke?

Ivanovich · Post by **Ivanovich** » Fri Oct 03, 2008 1:55 pm

no, that is in fact serious. it is pork spending at its best.

Post by **Avilister** » Fri Oct 03, 2008 3:56 pm

This just in, the House passed the bill and within 90 minutes the president had signed it. The bailout is now complete.

Post by **rydi** » Fri Oct 03, 2008 4:45 pm

fuck.

Politics: The Bailing-Out