Tuesday, January 21, 2003

Remora

The Bush administration, in pursuit of its policy of why not the worst? is pushing for tax credits for SUVs. Of course, many of you think LI is pulling your leg, but we aren't. Here's the story in the NYT:



"ETROIT, Jan. 20 � The Bush administration's economic plan would increase by 50 percent or more the deductions that small-business owners can take right away on the biggest sport utility vehicles and pickups.

The plan would mean small businesses could immediately deduct the entire price of S.U.V.'s like the Hummer H2, the Lincoln Navigator and the Toyota Land Cruiser, even if the vehicles were loaded with every available option. Or a business owner, taking full advantage, could buy a BMW X5 sport utility vehicle for a few hundred dollars more than a Pontiac Bonneville sedan, after the immediate tax deductions were factored in."

Surprisingly, this is not surprising, considering that the Bush administration is beginning to look exactly like the Enron management team, circa 2000. The same hasty looting of resources, the same arrogance, the same accounting shenanigans. This is about it for the Bush energy plan -- endless war in the Middle East to provide endless oil for the most gas guzzling of vehicles that emit endless pollution into the atmosphere. Infinite Justice, indeed.

"And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;

And the name of the star is called Wormwood: and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter."











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