Extra! Extra! Senators screw someone beside their mistresses and gay lovers!

posted by Bill Arnett @ 1:55 PM Permalink

The senate has passed a bill that, as usual, favors and helps the rich while doing almost nothing for the little guy.

Excerpt from washington post.com:

The Senate on Thursday passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis.

The measure passed by an impressive 84-12 vote, but even its supporters acknowledge it's tilted too much in favor of businesses such as home builders and does little to help borrowers at risk of losing their homes.

The plan combines large tax breaks for homebuilders and a $7,000 tax credit for people who buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes.

If this isn't another, "Gimmee, gimmee, gimmee so I can get richer while standing on the backs of the downtrodden so I can see all my new properties," bill, I don't know what it is.

Large tax breaks for homebuilders ? Oh, yeah. Those bastids just don't make enough money building and selling homes that are essentially crackerboxes built cheap and then sold high. (And it's MHO that the senate was high when they passed this atrocity.)

A $7,000.00 tax break for those wealthy enough to go around buying foreclosed properties? This will help the rich to keep charging the extraordinarily high rents paid by the poor.

$4 billion in grants for communities to buy and fix up abandoned homes? Just what we need, government grants to buy foreclosed homes not only puts cities in the landlord business, now they can buy those blighted areas of their community with our tax money and tear them down for new shopping malls, the buyers of which will be able to afford to pay local taxes.

Ain't it grand to have a government that takes good care of all their rich cronies, including those in the Senate? Republicans and Democrats really came together, set aside their differences, and passed these handouts to the wealthy by a vote of 84-12, a major victory for bipartisanship.

It's win, win, win for everybody!

Labels: Economy, foreclosures, mortgage crisis, Senate, tax breaks