Tuesday, July 6, 2010

Perched between growth and recession Irwin Kellner - MarketWatch

A BETTER STIMULUS: Perched between growth and recession Irwin Kellner - MarketWatch: "- Sent using Google Toolbar"

Sadly, the stimulus that's needed is off the table for Obama and Pelosi - i.e. (1) reign in government unions and their pay and benefit structures (Federal, State and local) => long term savings; (2) reign in entitlements; (3) stop the idiotic drug war; (4) most importantly, set out clear programs to assure business that laws will be respected (i.e. UAW and GM, Chrysler); (5) fix immigration so the US knows it can always have the best and brightest come and work in the US without constraints; (6) stop meddling with banks and finance to make sure the US is where money wants to come and go to work (this also involves stopping IRS witch hunts); (7) cut business and investment taxes; (8) pass laws that allow employers to get rid of unions so employees aren't stuck with regressive, job-destroying labor leaders.

This would be a no new tax way to provide a lasting stimulus.

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