How to Really Help the Economy
You wanna know how to really fix the economy? First off, to please investors and help out Wall Street (and Main Street, too), make the Bush Capital Gains taxes permanent. And while your at it, make all the Bush tax cuts permanent. Also, there is some law from a while ago (like over 30 years ago) that basically forced banks to give out loans to people who could not afford them. This law was never really enforced until the Clinton Admn., which is when the mess really began. Let’s get rid of that. This stimulus package is a nice election-year jesture of bi-partisanship. That’s it. It is not going to stimulate the economy, in my opinion. Besides, ever heard of the business cycle. We are bound to hit a recession every once in a while. We just don’t want to hit it too hard.
Let’s accept the fact that we are in for a period of economic slowdown, and we might just stumble into a few quarters of negative growth (recession). Still, the sky is not falling, unless of course you are under that US satellite that is supposed to come down soon.
