Nancy of Arabia

Bail out bill swells from 3 pages to 147 and still growing.

How large will the bill be after this weekend? Hell if I know, but I'd guess 350 pages. The Democrats, seeing their opportunity, are larding it with pork. Here's what Pelosi and our own Senator Dodd have dreamed up:

TRANSFER OF A PERCENTAGE OF PROFITS.
DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
USE OF DEPOSITS.Of the amount referred to in paragraph (1)
65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).
REMAINDER DEPOSITED IN THE TREASURY. All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.

The Housing Trust Fund is yet another give away of taxpayer money for the deserving poor. It's enmeshed with the ACORN Housing Fund which helps po' folks get surprise! No doc mortgages.

The Capital Magnet Fund is more of the same.

Gee, between Pelosi and Dodd's perpetuation of our failed housing policy, Senator Reid's move to ban off-shore drilling and shale oil mining, you'd suspect that they like the way things are and are determined to keep things screwed up until after the election when, of course, they will fix everything and we'll move forward to the land of milk and honey. I can't wait.