Many like the the Carolina Sauce with its mustardy overtones... For some, it is the sweet tanginess of St. Louis style... Lately I've tended to go with the Dry Rub approach for my own BB-Q's and this will serve me well, because the US Congress is serving up the Mother of all pork-laden bills to me and you, good citizen!
Sure, this new tarted up Boston Butt included another $157 Billion negative budget impact ladled onto the original $700 Billion, to include the following components (from Bloomberg):
"The Senate sweetened the package -- and enlarged the legislation to 450 pages -- by linking the rescue plan to a temporary increase in the limit on federal deposit insurance to $250,000 from $100,000.
The Senate also tied the package to a two-year extension of tax breaks that will save individuals and corporations about $149 billion over the next decade, a move popular among House Republicans. The provisions include $17 billion in credits for the development of solar, wind and other forms of renewable energy."
Sounds good, right? Sure I love a Tax Cut for anyone, anytime... But how does that pair me the Anti-Tax maven with Barry Obama, who voted yes on this one? Well, Barry loves to take care of campaign donors just like the next beltway insider. (See my Blog from September 30th for more details)
Here's the piece of this new Bill I like the most, though... My old friend and workout buddy , Ahh-nuld Schwartzenegger (again, from Bloomberg):
"California Governor Arnold Schwarzenegger wrote Paulson last night, saying that his and other states may need emergency federal loans to maintain government operations if the credit crunch continues.
``This credit crisis has the power to grind the U.S. economy to a halt,'' Schwarzenegger wrote in a letter e-mailed to Paulson. "
Why the concern from this trapezoid-infused Teuton?
Well this from thinkprogress.org may give us a hint:
"California Gov. Arnold Schwarzenegger “warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.” Schwarzenegger’s plea comes as the state is “close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans”:
The warning comes as California is close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans that it typically relies on to remain solvent."
Wait a minute?!? Didn't this type of mismanagement cause Darrell Issa to launch an overthrow of Grey Davis??? How soon we forget...
You heard it here: California's highest income tax rate is 9.3% currently... You will soon see this rate swell to 12% to 15%, especially if Barry and "Combover Joe" take office, making their Tax-Driven, Micromanaged style even more popular - giving you achieving Californians an effective tax rate in the 70% percent range at the high end... Good luck keeping either Corporations or Hi-Income individual contributors in the State after that! Who will pay for the state-constitutionally mandated programs and education for all of the illegal aliens?!?
Anyway, you the taxpayer dodged the $700B version earlier in the week, but your reward is the new porked-up version! Congratulations and Bon Appetite!
Now, on to the Veep Debate!:
I cannot remember the last time I saw a candidate that lacked any real job experience, was unable to function without a teleprompter, and was unable to summon any real gravitas or charisma...
But enough about Obama!
So you think Palin is a "dummy" and don't like the winking and "you betcha's"??? Well, the real truth of the matter (and not the one that Wolf Blitzer or Campbell Brown want you to understand) is that of the four candidates she represents the only true populist of the bunch... sure she is not going to be voted Rocket Surgeon of the year, but then are you really going to make the case that Barry Obama has any more raw intellectual horsepower than she does? Harvard A/B curve aside, this guy stutters like Gomer Pyle as soon as the Poli/Sci intern accidentally hits "reboot" on the teleprompter...
Not to mention, his comprehension of Macroeconomics would make even Professor Steadman Graham blush redder than he does at his typical bi-weekly allowance disbursement at Oprah's Maui Plantation. (C'mon... Points for tieing in the Hawaii connection, right? Or is he from Illinois? Or Kenya?)
In any event, ask yourself who you'd rather spend time with alone on a dark, starry night in Denali National Forest: Barry, John, Combover Joe? Or Sarah?
This one's easy folks...
Best,
Mike
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