Its marvelous

The "bailout bill" passed by our Congress and signed into law last Friday demonstrates just how smart our congress is. In the short space of a week they managed to cover all the ramifications of the plan to restore stability to our financial system.

The full title of the Act is:

‘‘To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes’’

They have worked though all the details of what it takes to make the law workable and minimize the impact on American people. The Act contains a section entitled:

"Exemption from excise tax for certain wooden arrows designed for use by children."

Who would have thought that some wooden childrens' arrows could have had such an impact on the world financial system. Amazing!