Ahhh, but you can. He was in the 2006 Congress that passed the Pension Relief Act of 2006 that requires business to fund 90% of all future pension moneys! Enacted in 2006, it became effective January 1, 2009. What a coincidence that all these layoffs are occuring just in time to fund the remaining pensions to the Congress set limit!
Repeal the Pension Relief Act, mark-to-market, reinstate the uptick rule and enforce the requirement to 'deliver' shorted shares, and who knows the Magic Mulatto may find his Magic Wand will work after all! (ie, What the gummit destroys with the stroke of a pen it can restore with the stroke of a pen...especially if you're the Messiah).
Great points!
The stock markets would begin to go up again. However, I doubt it would change the long term perspective of business. It's not hard to see higher taxes, more regulation, less control in hiring and firing all of which adds up to capital sitting on the sidelines.
Thanks for informing me of that. Everytime I think I know how bad things have gotten I get more awful government mandated news. If the people only knew.