[Vision2020] Stimulus package

[g. crabtree]

Goodness knows I'm not particularly well grounded in economics but if it's my two cents you'll settle for, here goes. 

Step 1. Forget about the Santa Claus nonsense. The rebates are a feel good measure that will do nothing to stimulate the economy in any meaningful way. (however, returning tax dollars to actual tax payers IS a more reasonable action then simple welfare and pork barrel spending as proposed by the clintocrats.)

Step 2. Make the Bush tax cuts permanent. The threat of what amounts to a looming tax hike makes many small business's uneasy and puts a damper on job growth and capital improvements.

Step 3. Reduce the corporate tax rate by a minimum of 12 to 16% making American business's more competitive with our overseas counterparts.

Step 4. Come up with a real plan to get a handle on entitlement spending. Privatization struck me as a good start but the ultimate solution certainly escapes my pea sized brain.

Step 5. Stop bailing out the stupid. If financial institutions made ill advised loans or home owners took advantage of a risky loan to buy more house then they could afford, let them suffer the consequences of their actions. Rewarding dumb encourages more.

Step 6. Make it through the upcoming elections without putting a free spending democrat of any flavor in the White House for what should be obvious reasons. Elect someone with at least a shred of economic sense. Of the remaining viable candidates, Romney strikes me as the best able to put the country back on less shaky economic footing provided he doesn't face the same Congressional sabotage that GW did. (fat chance)

Step 7. (should probably be #1) Do everything humanly possible to cut spending and reduce the size of government. Again, obvious reasons, same skepticism.

Simple, aye?

g
----- Original Message ----- 
From: "lfalen" <lfalen at turbonet.com>
To: <vision2020 at moscow.com>
Sent: Friday, January 25, 2008 11:43 AM
Subject: [Vision2020] Stimulus package


>I would like to see an analysis of the Economic Stimulus Package by those  who read vision200 who are grounded in economics. I like the idea of tax reduction, but am not impressed with the rebates.
> Roger
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