Not enough PORK.
The once 3 page bill bloomed into 442 pages filled with all kinds of goodies to get congressional and senatorial members to sign onto the bill.
Just a few of the goodies that America needed in this crisis situation.
Millions in tax breaks and related pork for kids' wooden arrows, Puerto Rican rum producers, auto race tracks, and corporations operating in American Samoa. (The likely explanation for the latter: StarKist has a large tuna-canning operation in American Samoa. And StarKist's parent company
happens to be located in the district of
House Speaker Nancy Pelosi.
The bill has become, in other words, something almost unrelated to the business of bailing out Wall Street. The Beltway term for this is a "Christmas tree bill," meaning everyone gets to hang their favorite spending projects on it--though by the time Congress gets it through, it more closely resembles a slop bucket. "We will not Christmas-tree this bill," Sen. Chuck Schumer, a New York Democrat
promised a few days ago. "The times are too urgent. Everyone has their own desires and needs. It's going to have to wait."
WAKE UP AMERICA!