Capital gains tax, corporate tax cut to zero.
If you do that now and make it immediately effective all you will do is to guarantee that anyone with a long term profit sells immediately to book the non-taxed income. They WILL NOT REINVEST at this time.
As a son of a money manager in his 53rd year of managing money (actually studined under Ben Graham at Columbia), you don't try to catch a falling knife and get in front of a runaway train.
Fortunes are not made calling bottoms, THEY ARE LOST trying to call bottoms.
This sell off will end when the larger, cash rich corporations start to announce stock buybacks. That is what turned the market the day after the crash in 1987.
Wouldn't that be brillant... imagine what up to 12 Trillion dollars flowing back into the economy would mean.... it would make this $700 billion bailout look like mousenuts. But of course we couldn't have our lawmakers do something right for a change.... b/c that would mean the largest shift of power in American history.... power from the inept, piece of SH*T lawmakers back to the PEOPLE. But hey WTF do I know.... b/c for the life of me I cannot even begin to fathom what must go on in the tiny brain of people who can continue to pull the lever for the ilkes of people like Pelosi, et al.... and on top of that, that someone like Obama could even be considered for POTUS --- with all the of anti-American, race-baiting hate that he and those he surrounds himself with have espoused for lifetimes!!!!!!!!
