I think very soon the Federal Reserve is going to warn President Obama that the ONLY
way to get the US economy going again is to start streamlining the size of government (and the regulations that go along with it!) and massively overhaul the income tax code to reduce yearly compliance costs and encourage way more savings and capital investment staying in the USA.
Alas, Obama will NEVER accept such changes....
posted on 07/07/2012 6:33:32 AM PDT
(FairTax: America's economic cure)
I think very soon the Federal Reserve is going to warn President Obama that the ONLY way to get the US economy going again ....
The Fed has the clout to make Obama change his policies. A simple move to interest rates that price in default risk would get the rational person moving in the right direction.
But like you, I don’t think Obama wants that kind of change. The end result will be very messy if we don’t get the House and the Senate in November.
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