The passage of the economic bailout bill in October 2008 was viewed as a necessary evil by many reluctant politicians on both the left and the right, but the subsequent revelation of earmarks legislators stuffed in it at the last second only gave them more reservations. Under this particular provision, proposed by Oregon Sens. Democrat Ron Wyden and Republican Gordon Smith, manufacturers of certain wooden arrows designed for use by children would get an exception from an excise tax, which could save them up to $2 million over 10 years. The tax earmark was scarcely noticed during the Senate debate over the bill, but was heavily criticized by the media after it passed. Then-presidential candidate McCain, asked on MSNBC's "Morning Joe" why he voted for a bill that included earmarks such as this that he frequently denounced and vowed to veto as president, said he had to because the country is "on the brink of economic disaster." Obama who hadn't made slashing earmarks as big a part of his campaign was able to get by with just saying he voted for an imperfect bill.
The Top 10 Everything of 2008
- Top 10 Albums
- Top 10 Animal Stories
- Top 10 Awkward Moments
- Top 10 Best Business Deals
- Top 10 Worst Business Deals
- Top 10 Breakups
- Top 10 Buzzwords
- Top 10 Campaign Gaffes
- Top 10 Campaign Video Moments
- Top 10 Children's Books
- Top 10 Crime Stories
- Top 10 Editorial Cartoons
- Top 10 Election Photos
- Top 10 Fashion Faux Pas
- Top 10 Fashion Moments
- Top 10 Fiction Books
- Top 10 Financial Collapses
- Top 10 Fleeting Celebrities
- Top 10 Food Trends
- Top 10 Gadgets
- Top 10 Green Stories
- Top 10 iPhone Apps
- Top 10 Late Night Gags
- Top 10 Magazine Covers
- Top 10 Medical Breakthroughs
- Top 10 Movies
- Top 10 Movie Performances
- Top 10 Museum Exhibits
- Top 10 News Stories
- Top 10 Non-fiction Books
- Top 10 Oddball News Stories
- Top 10 Olympic Moments
- Top 10 Open Mike Moments
- Top 10 Outrageous Earmarks
- Top 10 Photos
- Top 10 Plays and Musicals
- Top 10 Political Lines
- Top 10 Quotes
- Top 10 Religion Stories
- Top 10 Scandals
- Top 10 Scientific Discoveries
- Top 10 Songs
- Top 10 Sports Moments
- Top 10 T-shirt Worthy Slogans
- Top 10 TV Ads
- Top 10 TV Episodes
- Top 10 TV Series
- Top 10 Underreported News Stories
- Top 10 Video Games
- Top 10 Viral Videos
A yearbook of all the top events you've been talking about