Re: Some Obama aides once had qualms about econ ideas

[Guest guest]

I agree. Historically, most US recessions last less than two years. Therefore, we should be about halfway through this one and would probably be seeing signs of recovery. I think the reason we are not is the same reason the 1929 episode became a lengthy depression: government got involved.

Obama is making many of the same argument and plans FDR did at the advice of Maynard Keynes. They called it "priming the pump" back then. Today it is "stimulus" oh wait, the polls say that had picked up negative connotations so now it is called an "investment." Constant talk of trillion dollar deficits and things getting much worse is hurting consumer confidence. People are getting worried and so aren't spending as much. As a result of that, businesses are laying off more people or failing altogether.

What they need to do is:

1. Shut the hell up!

2. No more bail outs or stimulus.

3. Cut income taxes and corporate taxes. Eliminate Capital Gains, Inheritance and taxes taken from Social Security.

4. Cut all non-military spending by at least 15% and set a strict growth limit of 2 to 4% per year, rather than the typical 8% plus.

5. Abolish the Federal Reserve. Return the power to issue money to the government and handle the monetary system as if it were still based on Gold or some other commodity.

6. Strict term limits for Congressmen and Supreme Court judges. If term limits are good enough for the president, they are good enough for everyone.

In a message dated 1/10/2009 8:03:42 P.M. Eastern Standard Time, no_reply writes:

Wait till those who voted for Obama find out the mistake they have made.

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