loopholes

This one gives Rum & Coke Fridays a whole new meaning!

There is a famous blog series on Dailykos, Rum & Coke Friday, but this story makes that look like someone in Congress took the fun to heart!

Bloomberg is reporting Bailout of U.S. Banks Gives British Rum a $2.7 Billion Benefit :

In June 2008, U.S. Virgin Islands Governor John deJongh Jr. agreed to give London-based Diageo Plc billions of dollars in tax incentives to move its production of Captain Morgan rum from one U.S. island -- Puerto Rico -- to another, namely St. Croix.

DeJongh says he had no idea his deal would help make the world’s largest liquor distiller the most unlikely beneficiary of the emergency Troubled Asset Relief Program approved by Congress just four months later.

Your tax dollars at work might just drive a person to drink!