Three Ways to Really Stimulate the Economy Without Looting the American Taxpayer

All American Blogger ^ | 2/9/09 | Duane Lester

[Bodhi1]

This isn’t a economic recover plan or a stimulus bill.  It is a Democrat wish list, a compilation of projects and schemes they have dreamed about but couldn’t get funded.  Under the advice of Obama’s Chief of Staff, they haven’t “let a crisis go to waste.”  They have even stuck a dagger in “very heart of the widely applauded Welfare Reform Act of 1996,” an Act that has proven positive results.

With all the doom-speak, with all the speed and will all the spending, economist agree, this will not help the economy.  Even the Congressional Budget Office expects it to make things worse.

This will only move American father across the Bridge to Dependence. 

There is a way to stimulate the economy in three steps that, taken independently, would do more to stimulate the economy than the entire stimulus package.  Combined, they would transform America into the economic giant that currently slumbers.

Step One:  Enact the Fair Tax

[Bodhi1]

Part one in a three part series.

[Savage Beast]

1. Eliminate the capital gains tax.
2. Eliminate corporate taxes.
3. Secure private property rights in the U.S.A.

Then watch the U.S. economy SOAR--and with it foreign economies--as foreign and domestic capital pour into the U.S. economy like Niagara Falls. That's all the stimulus that's needed.

And here's the best part of it, President Obama: You can take FULL CREDIT FOR IT!

[anniegetyourgun]

In economics, austerity is when a national government reduces its spending in order to pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.

I don't want spending....I want the federal government budget to be reduced by half. I want state & local governments to cut everything but essential service.

Why is it that Bambi wants everyone else but the public sector to have "skin in the game?" Oh yeah...he's a marxist....and everyone is in denial about that.

[CowboyJay]

I like your tagline. Ever seen the movie ‘The Man Who Would Be King’? Obama’s on a roll now, but the masses might cut his head off once they figure out he’s not a god.

[Savage Beast]

No, I haven't seen the movie. I'll check it out.

Your point is a good one, that I hadn't considered. Nothing enrages people like the shattering of their delusions by reality, and Obamamania is definitely a mass delusion that has overwhelmed millions of people. Obama--in fact no one--can live up to this delusion, and when reality crashes down on these millions their reaction to that will be as irrational as is their Obamamania.

Good observation, Jay.