An Economic Troubleshooter’s Economic Recovery Plan
1. Provide low-cost capital to private-sector businesses by eliminating the taxes on business profit and capital gain.
2. Reduce the cost of living and cost of doing business in the United States by reducing the cost of healthcare, the price of oil, and the cost impact of government taxation, regulation, and litigation on the economy.
3. Provide low-cost loans to help those who are struggling to make ends meet pay their bills until they find new, or better, jobs.
4. Temporarily relax mark-to-market valuation requirements and minimum capital requirements to keep banks from failing.
"'How many people do we want to remain unemployed?' is the question to address when debating whether to eliminate the taxes on business profit and capital gain. The lower the taxes, the more jobs." - Roger Thoney.
We must stop the layoffs and stimulate business investment to create jobs.
Consumer spending and the real estate markets will rebound once the layoffs stop.
Banks will lend more and the stock market will rebound as the economy improves.
Businesses are the risk-takers in our society, not banks. We should not force banks to make more risky loans.
President Obama’s Economic Recovery Plan
· Consolidate power by rewarding Democratic supporters.
· Get more people to believe that the government is their savior
by making them dependent upon government programs.
· Wait for the economy to recover on its own.
· Take credit for the recovery when it begins.