They are making sausage in Congress as usual, despite the plea for a clean $700 Billion bailout bill without ornaments to deal with the financial crisis and the tightening of credit, providing earmarks for, among other things, wooden arrows designed for use by children, Virgin Island and Puerto Rican Rum and auto racing tracks.

While people are loosing their homes, jobs, savings, 401k’s and pension plans, our representatives are making sure our children have wooden arrows and the industry that produces them gets a tax break.

If the economic situation were not so serious to cause our politicians to warn that this crisis could become a catastrophe if this bill does not pass with all its pork attached, it could become a skit on Saturday Night Live causing us all to begin drinking Virgin Island Rum.

What our DC politicians need at this point in time is a wake-up call and to have the children of our nation shoot a wooden arrow at a portion of our senators and representatives anatomy where the sun doesn’t shine.

The new tax earmarks in the bailout bill are: film and television productions; wooden arrows designed for use by children; 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident.

Tax earmark extenders in the bailout bill include: Virgin Island and Puerto Rican Rum; American Samoa; mine rescue teams; mine safety equipment; domestic production activities in Puerto Rico; Indian tribes; railroads; auto racing tracks; District of Columbia; and Wool Research.

The new tax earmarks and the extenders mean that these industries, countries, or segments will receive tax breaks under this bill.  These new tax earmarks and extenders added $105 billion to the bill.

What was proposed to the House as a three page rescue bill by the Administration became a 450 page Senate bill.

The positive portion of the Bill, which helps the common man and small banks, is the provision for FDIC to insure up to $250,000 in bank deposits.  The previous limit was $100,000.

The Bill passed in the Senate 74  to 25.

And so now it goes to the House for passage, which is also expected, for after all these blokes need to go home and campaign for their jobs — they only have 35 days left before election day.