Their intent is to make it unacceptable to Democrats and thus stop it from passage.
The Economic Development Revitalization Act is intended to help communities cope with the Republican Dystopia by stimulating job creation through providing support for business incubators and retraining of long term unemployed for high skilled jobs and increase funding for the Public Works and Economic Development Administration (EDA) to $500 million, from the nearly $300 million it received in fiscal 2011.
http://www.govtrack.us/congress/billtext.xpd?bill=s112-782‘(3) whether suffering from long-term distress or a sudden economic dislocation, distressed communities should be encouraged to promote innovation and entrepreneurship, including, as appropriate, the support of the formation of business incubators in economically distressed areas, so as to help regions to create higher-skill, higher-wage jobs and foster the participation of those regions in the global marketplace
...and now from the Hill, a sampling of the Corporate Lobbyists amendments.....
http://thehill.com/blogs/floor-action/senate/165343-sen-paul-hoping-to-force-senate-vote-on-clean-debt-ceiling-increase ...Among other things,
DeMint has offered language that would repeal the EDA entirely, make estate tax relief permanent(i.e. REPEAL the estate tax..JW) and terminate a global climate change response fund at the Department of Energy.
Sen. Olympia Snowe (R-Maine) has an amendment that would require agencies to assess the impact of regulations on small companies before those regulations are released.
Sen. John Cornyn (R-Texas) introduced a handful of amendments, including one that would create a new government commission tasked with recommending the abolishment of government programs and agencies. Cornyn is also proposing quarterly reports on threats to the U.S. caused by foreign holdings of U.S. debt, and that the sand dune lizard be exempted from the Endangered Species Act.
Sen. John McCain (R-Ariz.) is proposing language to bar the use of federal funds to build ethanol blender pumps or ethanol storage facilities, and to
repeal federal requirements to pay prevailing wages in construction projects. Sen. John Barrasso (R-Wyo.) proposed an amendment that would allow states to drop out of requirements of last year's healthcare law.
(more)
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The Marx brothers would be in awe of the GOP's flare for the absurd. The Republicans aren't satisfied sabotaging any and all efforts to build a recovery to their Trickle Down Disaster.... they have to 'give the finger' to the Democrats at the same time. Then they go on corporate tv and say: "Obama can't handle the economy!"
http://www.youtube.com/watch?v=79sJ1bMR6VQ&feature=player_embedded#at=20">Republicans handling the economy