Wednesday, October 1, 2008
Do You Smell Bacon
The financial system urgently needs help and the Senate passes a bill with more pork than a Denny's breakfast. This bill includes such helpful features such as a tax on toy arrows, mental health insurance coverage, AMT reform, R&D tax credits and some feature dealing with NASCAR. Even if one supports one of the non-related line items, one must question why a rescue bill which shores up the economy and holds banks and Congress (for its role with Freddie and Fannie) responsible. I say, fewer lawyers and more business people in government. Especially small business people as they need to be the most efficient.
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