The Grey Lady on the crisis, Wired on the pork


Photograph by Flickr user jere-me, published under a Creative Commons licence

The New York Times’behind-the-scenes account of the US financial crisis is a riveting read, but it’s Wired’s account of the pork attached to the bill that passed the Senate that is perhaps the most revealing account. In the midst of the most pressing financial crisis in decades, some senators took the opportunity to look after their very special interests.

Your senators have ridden to the rescue and approved a piece of legislation that should ungum the credit crunch. In the process, your lawmakers also approved extended tax breaks for the film industry in Puerto Rico, and for the makers of "certain wooden arrows designed for use by children."

I kid you not.

There’s no credibility in this process.