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The Sweetners to the Bail Out Plan

Just so we are all clear and on the same page, albiet there are over 451 of them in the bail-out package, below are the artificial sweeteners added on the the "Financial" Bail Out Package.

_Provide business tax breaks, including for production of, investment in, and use of renewable fuels.

_Require group health plans that include mental health or addiction treatment to provide coverage for those conditions that is equitable to other medical coverage.

_Increase personal credits against the AMT, shielding more than 20 million taxpayers from the tax.

_Grant tax relief to victims of natural disasters in the Midwest and elsewhere.

_Extend through 2011 a program that funds rural schools and local governments that have low property-tax bases because they lie within or are adjacent to federal lands.

_Extend until end of 2009 the deduction for state and local general sales taxes.

_Extend until end of 2009 individual tax breaks, including deductions for higher education costs and teachers' personal expenses.

_Increase, from $100,000 to $250,000, the limit on federal bank deposit insurance.

Now please excuse my ignorance, or my lack of a Washington D.C. education, but the way I see all those sweet little nuggets is that they have nothing at all whatsoever to do with the Wall Street crisis.



Where is there anything to help, I don't know, maybe the average Joe?

Even better than that is their wonderful tired old cliche of "I'm for Main Street not Wall Street"!

Well, based on what I see, they are helping the people that work on Pennsylvania Ave. more than anyone!

According to the Drudge Report McCain never even read the bill he is so forcefully backing and promoting.

It would be a cheaper scenario to just give every taxpaying homeowner who is over 30 days late on their mortgage a check to pay the entire mortgage off, than it would be to allow this package.

Bobbie Files
www.BerkleyMass.com

Posted Thursday Oct 02