Scroll For Updates: This Is The Dagwood Bumstead Of Crap Sandwiches…Crap Sandwich 2.0 passes 74-25

Posted by Pam on 10/1/2008

Breaking: Senate Passes Rescue Bill

By a vote of 74-25, the Senate just approved the revised version of the $700 billion Wall Street rescue bill rejected Monday by the House.

The bill now heads to the House for a vote, likely on Friday. Some of the revisions included in the Senate bill were designed to win the support of House Republicans who voted against the first bill.

THE 400-PAGE BAILOUT?

Just think, when Paulson first sounded the alarm, it was only 3 pages!Â And look,Senate 'bailout bill' demands insurance companies 'provide coverage for mental health treatment'... MORE,'Sweeteners'... ,,Obama: 'We cannot fail'...,McCain calls revamped bill an improvement...

Politicians' phones ringing off hook... Shelby, Sessions to oppose new version... Reid reveals: Major insurance company on verge of going bankrupt... House foes soften...

Soros urges government stake in banks...

Ed has a tone of great coverage, but here is something that really caught my eye:

However, the Senate did add a few winners to this new version:

New Tax earmarks in Bailout bill
- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia Â (Sec. 322)
- Wool Research (Sec. 325)