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.
Is President Obama capable of leading the
United States?
He announced the closing of Guantanamo
without having a plan to deal with the detainees.
He has let Congress define much of his Administration; delegating to them the
leadership role of defining the stimulus package, the cap and trade bill, and
the health care bill. He is
pressing for tax increases and other measures that will increase the cost of
living and cost of doing business in the
United States when we are in the midst of a
severe economic downturn and still losing jobs to other countries.
His economic stimulus has proved to be a failure.
His press conferences are tap dances filled with rhetoric and little substance.
He employs stalling tactics and fails to provide direct answers to questions,
leading one to wonder if he really knows what he is doing.
Is he really competent in the Office of the President?