The House of Representatives has approved Henry Paulson’s second try at bailing out Wall Street.
Shame on them.
It is loaded down with buckets of pork. CNN has a decent summary of the pork barrel projects in the bill here.
We noted yesterday that the bailout legislation contains disturbing provisions that could lay the groundwork for a carbon emissions tax or a so-called cap and trade system, both of which could bring the U.S. economy to its knees.
Steven Milloy has an excellent article on green pork in the bailout package, “Greens Exploit Wall Street Bailout.” Like socialists and all the other assorted left-wing extremists, the environmentalists just don’t care if their policy initiatives destroy the U.S. economy. As long as their crazy, airy-fairy ideas get advanced, they’re happy. Putting their economy-destroying proposals in a so-called must-pass bill is a great victory for the green movement.
Heaven help us. Following in the footsteps of Herbert Hoover and Franklin Delano Roosevelt, we could be setting in motion inexorable forces that will eventually gobble up every last bit of economic freedom in America.