the (unaccounted for) cost of saving the financial system
A research assistant, Sina Kian, observes:
When Pres. Bush and Sec. Paulson proposed a bailout, it was three pages. When the House was done with it, it was over 100. When the Senate voted on it last night, it was over 400. I thought you’d be interested in reading about some of the earmarks that were slapped on. [McCain criticizing]Particularly bizarre was the tax exemption for wooden arrows used by children. In any event, it’s sad to see a government so addicted to earmarks that it can’t even handle a crisis without involving them.