Saturday 4 October 2008

Congress shows its true colours (colors?)

What a bunch of utter cunts politicians are. I was so full of hope that Congress would fuck the banks into a cocked hat and stand up for their constituencies. Hah! Instead of saving us from another half-assed bunch of cunt-buggery, they promptly strapped themselves in for some judicious pork-barrel fuckmongering and here we fucking go ... just look what the cunts accepted as bribes:

I submit into evidence one portion of the bill: Division B: Energy Improvement and Extension Act of 2008. This division has 4 titles and assorted subtitles. For example:

TITLE I--ENERGY PRODUCTION INCENTIVES

Subtitle A--Renewable Energy Incentives
Sec. 101. Renewable energy credit.
Sec. 102. Production credit for electricity produced from marine renewables.
Sec. 103. Energy credit.
Sec. 104. Energy credit for small wind property.
Sec. 105. Energy credit for geothermal heat pump systems.
Sec. 106. Credit for residential energy efficient property.
Sec. 107. New clean renewable energy bonds.
Sec. 108. Credit for steel industry fuel.
Sec. 109. Special rule to implement FERC and State electric restructuring policy.

Subtitle B--Carbon Mitigation and Coal Provisions
Sec. 111. Expansion and modification of advanced coal project investment credit.
Sec. 112. Expansion and modification of coal gasification investment credit.
Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Disability
Trust Fund.
Sec. 114. Special rules for refund of the coal excise tax to certain coal producers
and exporters.
Sec. 115. Tax credit for carbon dioxide sequestration.
Sec. 116. Certain income and gains relating to industrial source carbon dioxide treated as qualifying income for publicly traded partnerships.
Sec. 117. Carbon audit of the tax code.

Many of these provisions extend existing tax or investment credits for several more years. None of these provisions is directly relevant to confidence in credit markets. Why are they here?

One of the provisions of Title III of Divison B is something that I support:

Sec. 306. Accelerated recovery period for depreciation of smart meters and smart grid systems.

This provision is not directly relevant to confidence in credit markets. Why is it here?

This one wins the "Too Absurd To Believe" prize:

Division C, SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.


Tax free wooden arrows for children, in exchange for $700,000,000,000.00 that so far, has achieved the square root of fucking fuck all. I hope the American public CRUCIFY their congressmen at the next election.

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