The latest attempt at Welfare for Wall Street is underway in the Senate, with a new bailout bill, not restructured to get taxpayers more for their money, but with other, totally unrelated, items added to it.  Apparently, Harry Reid thinks a spoonful of sugar will help the bailout go down.

The bailout now appears as an amendment to a bill requiring health insurance to provide mental health coverage that is no more restrictive than general medical coverage.   Also packaged in with this is another one year patch on the Alternative Minimum Tax (how about a permanent fix for this indexing it to inflation,  boys & girls?), the extension of tax breaks for alternative energy and conservation (should have been passed on its own months ago), and tax relief for disaster victims.

These are all separate issues that need to stand (or fall) on their own, not be used as excuses to waste taxpayer money on insulating banks from their own bad business decisions, and further proof of why we need the Legislative Accountability Amendment.

This entry was posted on Wednesday, October 1st, 2008 at 5:09 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.