1. 5% across-the-board tax cut. You gotta hit all the income brackets if you’re serious about recovery.
2. 5% corporate tax cut. If you have to ask why, you probably voted for President Obama.
3. No more Great American Treasury Raid Acts of 2009. Sorry…I mean, “economic stimulus” packages from Congress. From this point onward, every major piece of spending needs to be voted on individually in Congress and signed by President Obama. I fully understand their great desire to pass a “Democratic Agenda” with health care, education, and energy, etc. But guys, don’t lump it into these massive bills that nobody has read. Seriously. This is getting embarassing.
4. Any future bank bailouts and absorption of “toxic assets” must be tied to a fixed amount of additional lending by these very institutions. It’s time to be results-oriented. Gone are the days when banks can have their stock purchased by the government and they hold on to the additional investments. Gone also are the days when banks get taxpayer dollars but don’t lend.
5. A renewed focus and commitment from President Obama that recovery comes first, above anything else. A little less CYA from him mentioning that the recession could go on past 2009. I think he’s made that clear. How about also making clear that you know it will end, it will end in your first term (a risk-free promise, since you won’t be re-elected if it’s continuing in 2012), and that recovery policies take precedence over any other campaign promises. It might just provide the confidence to investors that has been sorely lacking in our stock market as of late.
Moe Lane
PG DeFreese
Victoria Coates
Daniel Horowitz
Dan Spencer
I am assuming that you meant
barry915barry (Diary) Saturday, March 7th at 10:16PM EST (link)in points 1 & 2 a five (5) PERCENTAGE POINT tax cut.
I must take issue with your #5. There must first BE focus and commitment before there can be RENEWED focus and commitment.
I would like to add a 6th point: Repeal Carter’s CRA of ’78.
Re: I am assuming...
Tom A. (Diary) Sunday, March 8th at 12:25AM EST (link)Yes, I meant 5 percentage point. Sorry – should’ve made that clearer. Excellent point about point 5. I give the Messiah too much credit.
A good start...
Praying (Diary) Saturday, March 7th at 10:38PM EST (link)I’d up the tax cut for corporations to 10% – going from 35% to 25% would do more to jump start the economy even than tax cuts for individuals. Jobs. Investment in the private sector. And those two things HAVE to happen – for all the people who think big bad business is just that, where in tarnation do you think the tax money to the government comes from? Trees? Ha Ha Ha! Oh my…
No!!!11!1!!1!1! The Bilderbergers are coming
It should be a Conservative Article of Faith...
Steve Maley (Diary) Sunday, March 8th at 9:46AM EST (link)…that corporations don’t pay tax. Only people pay tax.
We’ve got to figure out a way to put a stake in the heart of “Tax cuts disproportionately benefit the rich.” Now that has morphed into the grotesque “The charitable tax deduction disproportionately benefit the rich.” Good Lord, are these people nuts?
That’s a rhetorical question, BTW.
The blogger formerly known as ‘Vladimir’.
I actually heard a dem congressman from the midwest, aka
Mike gamecock DeVine (Diary) Sunday, March 8th at 9:57AM EST (link)not a blue dog, in a committee hearing with Geithner tell him that we needed corp tax relief and that “the chairman” (I think he was referring to Rangal!) was for it too. I think that was what he said. And that he and many otehr dems were not going for the carbon tax or any policy that raised the price of energy, esp incl coal.
Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson
Re: I actually heard...
Tom A. (Diary) Sunday, March 8th at 8:17PM EST (link)If Rangel EVER came out for a tax cut for ANYTHING that didn’t have some seriously UGLY strings attached, I’d keel over.
I love all the advice everyone gives, but
izoneguy (Diary) Sunday, March 8th at 8:28PM EST (link)Obama has no plans to see the economy improve. He is a communist pure & simple. He does not believe in capitalism and wants it to fail.
He wants a clean slate to impose his vision and yes it is communism.
Keep watching what he is doing. He will take no advice on ways to “improve the economy”. Obama is a danger to America and must be dealt with from this perspective. If you want to restore America back to what you & I envision it is then Obama must FAIL. We need to see that his radical agenda is de-railed and his plans put on the shelf. All the republicans and those democrats that actually have economies in their states must stand-up against the onsalught of the iron fist of communism.
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
I don't know that these five are enough, but
Flagstaff (Diary) Monday, March 9th at 3:42AM EST (link)they’re a good start.
It’s interesting that what you say in point 5 (regardless of some wording problems) is excellent advice to Obama, which he seems unable to take.
It’s still hard to tell if Obama is blinded by his ideology, ignorant of basic economics and psychology, or just figures he can do no wrong (like his hero, FDR, who got a pass on 8 years of continuing depression).
I am even more convinced than ever that his intellect has been way overestimated.
“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964