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Middleboro Review 2

NEW CONTENT MOVED TO MIDDLEBORO REVIEW 2

Toyota

Since the Dilly, Dally, Delay & Stall Law Firms are adding their billable hours, the Toyota U.S.A. and Route 44 Toyota posts have been separated here:

Route 44 Toyota Sold Me A Lemon



Friday, December 12, 2008

Are Republican Senators An SNL Script?

I can't wait to watch SNL! No one can be as bizarre as Republican Senators demanding concessions from the UAW after handing bankers Big Taxpayer Bucks with no strings.
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Even the Republican President, with the lowest approval rating in history, who laid the groundwork for this economic fiasco apparently GETS IT !
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NYT --
...the White House statement said, “A precipitous collapse of this industry would have a severe impact on our economy,” and added, “It would be irresponsible to further weaken and destabilize our economy at this time.” [Maybe like all the home foresclosures that you ignored?]
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the Senate fell short of the 60 votes need to bring up the auto rescue plan for consideration. The Senate voted 52 to 35 with 10 Republicans joining 40 Democrats and 2 independents in favor. [Could this be why a 60 vote majority matters? Is this what is called a FILIBUSTER? Naw! Republicans wouldn't do that!]
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This is the House margin:
The rescue plan approved by the House on Wednesday, by a vote of 237 to 170, would have extended $14 billion in loans to the G.M. and Chrysler and required them to submit to broad government oversight directed by a car czar to be named by Mr. Bush.

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And this from Bloomberg that no Republican Senator is asking about --
Fed Refuses to Disclose Recipients of $2 Trillion
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The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
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And this from Time that those same Republican Senators are ignoring --
New Tax Rules: The Hidden Corporate Bailout
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in the past few months, experts say, the IRS has been unusually aggressive in doing what it can to lower corporate taxes, going above and beyond what has been allowed in the past. The result is that the IRS has become, in effect, a much less public arm of the federal-bailout machine. "There have been all sorts of Administration announcements that relax the tax law. I don't remember a wave of provisions like this."
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...Jones Day lawyers estimate that the rule change could cost the Federal Government up to $140 billion in revenue during the next few years.
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Nothing sums up the action of a few Republicans in Congress better than Hoover Time --
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There are defining moments in politics. Here Republicans defined themselves.

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