Mr. Speaker, the bill to bail out the elite financial industry in New York that caused this mess failed this House, but our Senate colleagues are sending us a new bill, four times longer than the 100-page bill rejected by us.
The bill to stabilize the financial industry is now packed with squeaky pork. One would ask, what does pork have to do with the financial industry? Well, nothing of course. But the Senate bill with the piglets will help these entities: new tax earmarks for film and TV production; litigants in the Exxon Valdez incident; wooden arrows used by school children.
There are more tax earmarks: auto racing tracks; Indian tribes; wool research; and get this one, Virgin Islands and Puerto Rican rum. I am not making this up. There are more breaks for the railroads and the mining industry. None of these solve our banking and financial crisis. Why are they in this bill?
The House needs to deal with this financial situation to make sure that those responsible are held accountable and that the American taxpayers aren't forced to go broke paying for this financial rescue.
And that's just the way it is.
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