glad i didn’t have to sit thru this chat in real time.
Still in favor of the QE2, creating money to buy treasuries. A permanent reduction of the corporate rate to 30% from the current 35% ... that is the type of thing needed to “stimulate”. Don’t expect it from the Obambi’s.
Taxing profits is destructive and many companies have very low profit margins or ZERO profit margins. Would be better to put a 0.5% tax on revenues and reduce tax of profit accordingly.
Companies like Eastman Kodak would not get a 30-year free ride on taxes.
Where has QE ever been shown to have worked?