Bailout Bill Gives Tax Break to Wooden Arrow Manufacturers While Small Business Get the Shaft

If anyone was concerned that President Bush, Treasury Secretary Paulson and Congress were not up to the task of passing a serious economic recovery bill that could stabilize our nation's failing economy, they need only look at Section 503 of the bailout bill to feel assured that our government is unwavering in its commitment to the economic well being of every American and that Congress is looking out for every major segment of our national economy.

Section 503 deals with the critical challenges facing a key business segment, which will no doubt play a crucial role in the full and immediate recovery of both Wall Street and Main Street: manufacturers of "wooden arrows designed for use by children."

Section 503 addresses the burdensome and undeniably excessive excise tax that has put U.S. manufacturers of "wooden arrows designed for use by children," at a significant competitive disadvantaged with other manufacturers across the globe of "wooden arrows designed for use by children."

Ikey Boykin, President and Founder of the National Association of Manufacturers of Wooden Arrows Designed For Use By Children (NAMWADFBC) stated, "Section 503 of the Senate bailout bill was a victory for all Americans, particularly those of us in the industry, which would be Biff, Pauley, Sonya and her sister's boy Donny Ray Jr."

Mr. Boykin went on to say, "I hear a lot of folks were not in favor of this bill to help bailout Wall Street. Just because those fellas are billionaires and may be responsible for pushing our economy to the point we may have to use small shinny stones for money, it doesn't mean they don't deserve our help. It's just a damn shame Congress did not have time to address some of the other issues that have affected the 27 million other small businesses in America that are not members of NAMWADFBC and are not involved in our growing industry. President Bush and Congress are busy and I guess they have to prioritize the economic challenges facing our country and take them on in that order."

Hopefully once Congress has fully addressed the mounting challenges facing the NAMWRDFBC, they may be able to find time to address other similar challenges facing the 168 million Americans that own and work in small businesses across the country. Problems that may not be as critical as those facing the manufacturers of "wooden arrows designed for use by children," but issues that are important to those Americans that do work in our nation's 27 million small businesses.

Hopefully Congress will find time to address problems such as the virtual closure of the Small Business Administration (SBA), the systematic dismantling by the Bush Administration of every federal program developed to assist small businesses, minority-owned firms, woman-owned firms and veteran-owned firms. And last but not least, the wholesale diversion of over $100 billion a year in U.S. government small business contracts to some of the largest corporations in the world.

Clearly section 503 of the bailout bill is a shining example of the unwavering commitment and determination that our government is capable of in times of national crisis. Section 503 is also a prime example of why no American should worry about the future of our nation's economy, especially those that are members of the NAMWADFBC.

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Comments

[babbage]

Where is Bush's Ark heading with mixed cargo of the great heap of wads of cash and Paulson's wooden arrows designed for use by children? It is pretty sure that "people" are not on board the ark at all, then who are there? I suspect if this is the second wave of 911 or the likes as your home is assaulted again by an artificial disaster. You have my sympathy as I looked at your congress already washed away by the flooding. Carefully read the line bellow, a pirate declaration:

Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Paulson's original two-and-a-half page proposal (NYT).
http://www.nytimes.com/2008/09/21/business/21draftcnd.html?ref=business

I wish all the home-lost people of your nation would bravely survive this 1000 times greater flood than Katrina.

[billyfitz]

This is a joke, right? I wish I had the ability to laugh right now.

[seedyrum]

THE WORLD IS WATCHING

I SHOULD HAVE ALSO SAID I AM AGAINST THE BILL> WE NEED A BILL OF SOME SORT>>BUT THIS IS NOT THE BILL>

YES WE HAVE A CRISIS AND IT IS A FIVE HUNDRED TRILLION DOLLAR DERIVATIVE CRISIS AND THAT IS WORLD WIDE ( THERE ISNT THAT MUCH MONEY IN THE WORLD)

WE CANT BORROW OUR WAY OUT OF DEBT>

WE NEED TO HAVE HEARINGS AND BRING THOSE FOLKS CENTERSTAGE WHO CAUSED THIS PROBLEM>

WE CANT GET TO THE CURE UNTIL WE KNOW EXCATLY WHAT AND WHERE THE PROBLEM IS>

CONSIDER PAULSEN HAS BEEN DOING THE "PROBLEM" PIECEMEAL STARTING WITH COUNTRYWIDE THEN BEARN STEARNS THEN FANNIE FREDDY AND SO ON (THAT SHOWS PAULSEN ISNT SURE WHERE THE PROBLEM IS OR EVEN HOW TO FIX IT ALTHOUGH HE SAW THIS COMING BECAUSE THE BUSH ADMINISTRATION WAS WORKING ON THIS BAILOUT BILL MONTHS BEFORE IT WAS PRESENTED TO CONGRESS)

I STILL SAY: ARROWS AND ALL THE OTHER TACK ON EARMARKS SHOULDNT BE IN THIS BILL> WHEN LAWMAKERS HAVE TO BE BRIBED FOR THEIR VOTE SOMETHING IS WRONG WRONG WRONG>>THE BILL SHOULD STAND ON ITS OWN MERITS OR FAIL ON ITS OWN MERITS>

WHAT IF THIS BILL FAIL TO DO ITS INTENDED PURPOSE WHAT THEN?? ANOTHER BORROW?? ANOTHER BAILOUT?? MORE DEBT???

WE HAVE TO SUFFER THE FOLLY OF WALL STREET ALTHOUGH WALL STREET HAS THEIR MONEY IN OFFSHORE ACCOUNTS AWAY FROM TAXES AND THIS MESS>>

THE WORLD IS WATCHING

[Hufferton]

Please, Please, stop with the ALL CAPS...

Thank you.

[OhioJan]

After raising 3 children of my own, I HAVE to ask the burning question - WHY, on GOD'S green Earth, would ANY decent parent give their children wooden arrows to play with - then spend hours trying to (carefully & painlessly) tweeze out the splinters? And, why a "toy arrow" company and not MANY more NORMAL small businesses that makes USEFUL products?

This Congress and administration makes my eyes and ears bleed and my head feel like exploding. Why are they so inept and incompetent?

[seedyrum]

The world is watching

WHEN ONE CONSIDERS THAT IN THIS BILL TO SAVE THE ECONOMY OUR LAWMAKERS HAVE TO SWEETEN THE BILL TO GET OTHER LAWMAKERS TO VOTE FOR IT>ONE HAS TO WONDER IS THERE A CRISIS OR DOES THE BILL REALLY THAT BAD???

ARE WE BEING FOOLED AGAIN??

WOODEN ARROWS?? HOW DOES THAT IMPACT THE ECONOMY AT LARGE?? SURE IT HELPS THAT INDUSTRY BUT WHAT DOES IT DO FOR US OTHER PEOPLE??

WHAT DOES HAVING SUBSIDIES FOR ARROWS IN THIS BAILOUT SAY ABOUT THE LAWMAKERS WHO WANTED IT IN AND THOSE WHO PUT IT IN???

THE WORLD IS WATCHING

[sus1]

Very good. saracasm level 8. Well done. ha!

But seriously, that bill should be stripped of any and all sections that do not directly deal with the issue at hand. Everything else should be dealt with in other bills. Not this one.

As I was advised by another commenter in another post, "that's the way our system works".

Maybe. But, it should not be "politics as usual" for this particularly unique bill.

We want to know who is voting on what measures to get the country back on somewhat solid ground. And, if you are voting to help the top 4% of the population, I want to know. I want to know the plain, nuts & bolts of this one bill. With nothing to distract me from it. Just this once.

You all talk about "main street". Let's see it. Put it in writing.