According to CNBC, the Senate vote is now scheduled to take place at 9:30 pm. Also, on the encouragement of Steve Liesman, we trotted on over to page 300 of the bill, and yeah, this is actually there:
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Posted by guest , Oct 01, 2008 12:05PM
highly suspect.. this things not getting passed..
Posted by guest , Oct 01, 2008 12:15PM
Carpe diem!
Posted by guest , Oct 01, 2008 12:15PM
awesome! i love wooden arrows but hate children and laminate.
Posted by Anal_yst , Oct 01, 2008 12:16PM
where's fake geico caveman when ya need him?
Posted by guest , Oct 01, 2008 12:19PM
Let the main street vote!
why don't we let people like Britney Spears, Lindsey Lohan,
Paris Hilton, Minnie me, Richard Simmons,Ugly Betty and all the American Idol winners do the voting?
That way we don't have to wait for 9pm.
This is the best suggestion so far!
Posted by whatelseisgoingon , Oct 01, 2008 12:19PM
what does that even mean??
Posted by guest , Oct 01, 2008 12:19PM
..and they said they werent going to Christmas Tree this bill....
Posted by guest , Oct 01, 2008 12:19PM
This will have no problem getting through.
The first bill was way too short and lacking political agendas and bullshit to be passed through congress.
Unless someone comes up with an 800 pager...
Posted by guest , Oct 01, 2008 12:25PM
Thank God Washington is finally listening to the middle class and repealing that draconian excise tax on wooden arrows, the kind commonly used by children.
As a concerned voter, I am very pleased that those fat cat professional bowmen will continue to pay their fair share of excise taxes on the types of arrows THEY use. I'm glad that our elected leaders have the courage to stand up to Big Archery.
Posted by guest , Oct 01, 2008 12:25PM
Ohhhh Christmas tree
Oh Christmas tree......
Posted by guest , Oct 01, 2008 12:26PM
Wood.
Posted by guest , Oct 01, 2008 12:33PM
Every time a child shoots the neighbor's cat with a cheap Chinese fiberglass arrow, a fairy drops down dead.
But fortunately, every time we import a wooden arrow from our God-fearing friends in Norwegia, an angel gets his wings.
Posted by StupidEquityGuy , Oct 01, 2008 12:37PM
This bill is giving me a woody...
~SEG
Posted by guest , Oct 01, 2008 12:39PM
They eliminated the second part of that section which allowed for the sham wow excise tax exemption.
Posted by guest , Oct 01, 2008 12:40PM
Please link us to the document
Posted by guest , Oct 01, 2008 12:40PM
#12 - what is Norwegia?
Posted by guest , Oct 01, 2008 12:41PM
The JARTS Affordability Act of 2008...
Posted by guest , Oct 01, 2008 12:42PM
Any way we can find out which D-bag put this language in the bill?
Posted by guest , Oct 01, 2008 12:44PM
13 Good for you. I havent had one, during working hours at least, since August 2007. Exception was that day that Bess was kind enough to break the general drearyness of it all by posting pics of Michael Phelps. GAnalYst
Posted by guest , Oct 01, 2008 12:48PM
TAX BREAKS FOR EVERYONE!
Here's an idea, let's have no taxes and a 7 trillion dollar bailout! If we're gonna overpay for assets, let's REALLY overpay and that will keep the borrowing party going!
THIS "PLAN" SUCKS and will make things so much worse it's stupid.
Posted by redpandot , Oct 01, 2008 12:50PM
@17 - doncha know those are illegal... kinda like short selling financials (someone might poke an eye out)
Posted by Joseph di Jersey City , Oct 01, 2008 12:50PM
Once again the might of the National Arrow Association is revealed.
Posted by guest , Oct 01, 2008 12:51PM
SEC. 504. EXEMPTION FROM EXCISE TAX
20 FOR CERTAIN
21 SHAM WOWS DESIGNED FOR USE BY
22 HEDGE FUND MANAGERS, EGRET LOVERS, 23 AND MAYO CONSUMERS
Posted by guest , Oct 01, 2008 12:51PM
@15http: //dealbreaker.com/2008/10/bailoutbill.php
Posted by guest , Oct 01, 2008 12:51PM
i can haz earmark?
Posted by guest , Oct 01, 2008 12:52PM
I thought the bill was around 110 pages... That's the only one I see on the Library of Congress THOMAS site.
http://www.rules.house.gov/110/text/110_hr3997_amnd_samnd.pdf
Posted by guest , Oct 01, 2008 12:53PM
Why don't they divide the 700 billion up among all americans and just give it out. Why they can call it a consumer stimulus package. It will probably have more of an effect than what they plan to do with it now.
Wonder how much each of us would get?
Posted by guest , Oct 01, 2008 1:00PM
27
$700billion/305mm = $2,295
Posted by guest , Oct 01, 2008 1:00PM
@27
Yes, if there was only some sort of calculating or computing device that would allow us to figure that out.
Posted by guest , Oct 01, 2008 1:00PM
@27: About $2300 apiece, assuming 300M Americans. Hope you're not working for a quant....
Posted by guest , Oct 01, 2008 1:03PM
@ 27, the bailout is a loan, and not the sort of free lunch stimulus check you recived earlier this year (that was funded by many non-stimulus recipients such as myself - and by the way - you're welcome).
Posted by guest , Oct 01, 2008 1:04PM
CNBC has Senator Bennett on the tube. He is saying the phone calls are not against anymore but for. He is saying that main street saw the drop in the dow and realized they are telling the truth. He says the stock market is saying that it passed the house and will pass the senate. He thinks the rally is about them trying again.
He is essentially saying it is a done deal.
Posted by guest , Oct 01, 2008 1:06PM
#8 - We are up to 451 pages ATM. Patience, We'll get there...
Posted by guest , Oct 01, 2008 1:09PM
@ 32, are you referring to the $700 bn bailout package or the exemption from excise tax for certain wooden arrows designed for use by children?
I'm deeply in favor of both so this is fantastic news regardless, but just wanted to clarify.
Posted by guest , Oct 01, 2008 1:16PM
I do not believe that children of wooden arrow-shooting age should receive their appx $2,300.
Posted by guest , Oct 01, 2008 1:17PM
They were asking him about the bailout package. Is it possible that it passed the house without notice? They didn't hit the gavel and it was allowed to be left open.
It was confusing to watch the guy as his answers were all over the place. They were telling him that WS might not need the bailout now and he was telling them that the traders, yes he said traders, are expecting it to pass and that is why the market is where it is. He had just come out of a republican luncheon to discuss the bill.
Posted by guest , Oct 01, 2008 1:17PM
Read the bill (linked here) and it becomes clear that they're doing this as an amendment to ERISA.
So of course it contains some bullshit irrelevant to the problem at hand.
The excise tax item is part of existing law. The mental health parity item that EP mentioned, however, appears to be part of the present amendment.
Posted by diablo , Oct 01, 2008 1:26PM
This is what I think is happening.
They took HR 1424 and gutted it. Then they put in Div A the "improved" bailout bill.
Div B is the Div A of HR 6049
Div C is the Div B of HR 6049
Happens that HR 6049 had already been approved by the House and the Senate. So there's no fight about those provisions, which includes the arrows. Those were approved already by Congress.
So what would be new for the House to consider will be what's in Div A, or that's what you'd expect.
The Senate will pass this tonight. There's no clear indication what the House will do. Since the nature of the bailout doesn't change, then the crazies at the Republican Study Committe (about 100 Republican reps) don't really have an incentive to change their NO vote. It goes back to how many Democracts up for reelection will change their vote to YES and not risk a defeat in the elections.
Posted by guest , Oct 01, 2008 1:28PM
Sorry I've been absent. The "shavers" on the energy desk have been losing their minds and I'm having to keep them from "betting the cave" on the 2009 Widowmaker.
~Fake Geico Caveman
Posted by HAM05 , Oct 01, 2008 1:31PM
thanks 31!
Posted by guest , Oct 01, 2008 1:34PM
So wait, are the french saying that they are going to do a bailout of their own, which bloomberg was reporting last night as though it was a guarantee because the french are expecting the bill to pass?
Posted by guest , Oct 01, 2008 1:39PM
Sen. Gordon Smith, a Republican from Oregon is behind the wooden arrow tax break.
http://www.retireted.com/ted-in-the-news/baucus-backed-measure-in-limbo-after-failed-cloture-vote/
Posted by guest , Oct 01, 2008 1:40PM
A repeal of the UIGEA is also going to be attached at the conference stage.
Posted by guest , Oct 01, 2008 1:55PM
Looks like Rose City Archery is gonna be making out like a pig in sh@t.
http://www.rosecityarchery.com/Kiddie_Arrows.htm
Posted by guest , Oct 01, 2008 1:55PM
what page is this on???
Posted by guest , Oct 01, 2008 1:59PM
Pages 300 to 301. In PDF docs, you type a search term in the box at top and the computer finds the word. It helps if the word is not very common ie arrow.
Posted by guest , Oct 01, 2008 2:03PM
This stickbow manufacturer is from Connecticut but he sure loves Sarah Palin.
http://forums.bowsite.com/TF/bgforums/threadBLOG.cfm?threadid=355676&messages=1&forum=36&BLOG=palin
I guess Sarah can be model for stickbow if the 'ole VP thing don't work out.
Posted by guest , Oct 01, 2008 2:05PM
I swear to god 44, it seems like every single post you throw out there is another shameless plug for Rose City Archery. No need to keep hyping their stock, as I do believe they're already included on the 'no short' list.
Posted by guest , Oct 01, 2008 2:06PM
Hey, but the arrow market is fierce. They have to contend with foreign manufacturers like Stag, International
http://www.staginternational.net/archery1.html
Stag International
Mr. Vivek Kohli
A-19/20, Udyog Puram, Partapur, Delhi Road,
Meerut - 250 002, Uttar Pradesh (India)
Posted by guest , Oct 01, 2008 2:19PM
Fantastic letter from the CEO of Rose City Archery I spotted on the site. Looks to be at least a half dozen spelling or grammatical errors in the first paragraph alone:
Letter from Jerry Dishion, President/ CEO
To My Customers,
Seeing as how I have you here, I have to take this opportunity to vent my thoughts on something that's been bothering me for a while. Is anyone out there offended by the self appointed guru’s who think they are the last word in Traditional Archery? These guys who (after a few years in the archery business) decide for everyone what products we should all use, who go with the flow to where the most money for them is. Ten years ago these same guys would look down there noses at any other arrow shaft but wood, now it’s carbon, fiberglass, aluminum (or whatever the flavor of the day is) shafts and graphite laminations in bows, fast flight strings, GPS and anything to give you that advantage over the animals out there, how fast can you go. These same guys who would rag on Ted Nugent go on hunts where the only goal is to bring back a horn or hide and never eat the animal and then brag about it, something Ted would never do. Seems to me they are Chuck Adams without the stocking cap and grin. These folks want so desperately to put themselves in the same category as Howard Hill, Fred Bear, Gail Martin and Ben Pearson, but they are icons only in their own mind and couldn’t carry the quivers of these men. So while these guys (and a few ladies) frolic around the world on your dime remember that, it is not the bow that makes the archer it’s the mindset, let’s face it “Tradition is the Enemy of Progress”.
Posted by guest , Oct 01, 2008 2:58PM
i got your quiver right here
Posted by guest , Oct 01, 2008 3:37PM
My favorites are these hidden tidbits:
Sec. 317 Seven Year Cost Recovery Period for Motorsports Racing Tack Facility pg. 290 WHAT STATE IS THIS RACETRACK LOCATED IN?
Sec. 308 Increase Limit on Cover Over of Rum Excise Tax to Puerto Rico & the Virgin Islands.
Section 506 “Subsection B” The Paul Wellstone and Pete Domenici Mental Health Parity & Addiction Relief Act of 208. THIS IS THE BEST HIDDEN GEM OF THEM ALL--hidden as a Subsection under 506.
Posted by guest , Oct 01, 2008 3:38PM
My favorites are these hidden tidbits:
Sec. 317 Seven Year Cost Recovery Period for Motorsports Racing Tack Facility pg. 290 WHAT STATE IS THIS RACETRACK LOCATED IN?
Sec. 308 Increase Limit on Cover Over of Rum Excise Tax to Puerto Rico & the Virgin Islands.
Section 506 “Subsection B” The Paul Wellstone and Pete Domenici Mental Health Parity & Addiction Relief Act of 208. THIS IS THE BEST HIDDEN GEM OF THEM ALL--hidden as a Subsection under 506.
Posted by guest , Oct 01, 2008 3:38PM
My favorites are these hidden tidbits:
Sec. 317 Seven Year Cost Recovery Period for Motorsports Racing Tack Facility pg. 290 WHAT STATE IS THIS RACETRACK LOCATED IN?
Sec. 308 Increase Limit on Cover Over of Rum Excise Tax to Puerto Rico & the Virgin Islands.
Section 506 “Subsection B” The Paul Wellstone and Pete Domenici Mental Health Parity & Addiction Relief Act of 208. THIS IS THE BEST HIDDEN GEM OF THEM ALL--hidden as a Subsection under 506.
Posted by guest , Oct 01, 2008 3:53PM
Where can I find the full text of the bill?
Posted by guest , Oct 01, 2008 4:00PM
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Posted by blndebnker , Oct 01, 2008 4:47PM
@9,12,22 - all brilliant. thanks guys
Posted by guest , Oct 02, 2008 9:55AM
Now Bloomberg is reporting the same story. They totally stole this from dealbreaker. We should be getting royalties.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aKd0vyGN8L2k
Posted by guest , Oct 02, 2008 3:32PM
@9 "Big Archery" made me about fall out of my chair. Thanks for brightening my day