No bailouts - EXCEPT I would dramatically expand federal guaranty of student loans
Let the FDIC insure up to 3 separate deposit accounts in the same bank
Let corrections happen - no bailouts of CDO holders, mortgage companies, insurers or car companies
Convert the commercial paper held by the Treasury to long term, interest-bearing but amortizing notes at the 5-year rate plus 200 bps (obviously give the issuers a chance to buy back the commercial paper)
Stop cutting interest rates and growing the supply of money and credit, thereby creating bubbles
Freeze federal spending
Make the Bush tax cuts permanent
Also cut tax rates further, making 10% the maximum income tax rate for the first $80K and 12.5% tax rate for $80K-$120K
Apply the social security tax to the first $500K of income
Raise the federal gas tax by 10 cents, in three increments of 5, 3 and 2 cents per gallon; raise the tax on diesel fuel by 20 cents per gallon, and use the increased revenue to pay for needed highway improvements and expansion
Lower capital gains to zero for a promise of two years.
Show a willingness to shrink the federal government.
Personal debt management:
Review and proposals for credit card companies such as credit limits for purchases on a credit card (larger purchases must go through a loan venue with separate collateral proofs etc.). Also, credit card debt should be short term so a law to manage the term allowable on any debt before the debt is mandatory to collect or a renewal or debt review.
Communicate clearly the need for domestic production of consumer goods such as appliances, electronics,,,etc. place incentives for domestic business interests to invite more domestic production.
Drill oil everywhere while moving to sugar based alcohol production. Remove the tariffs on sugar that protect the corn products. Import sugar for a cheaper alcohol production. Emphasize neighborhood solar production.
Make a law to suck lobbyists dry such as a certification process for lobbyists that requires they spend 3000 hours in community service for two years straight to qualify for a lobbyist certification test (habitat for humanity doesn't count). Then when the lobbyists are busy working at circle K revert everything back to sensible.
bruce, what u . s . a . do you reside in? 5.a million mil jobs created decrease than obama? he reported something like one hundred,000 with interior the 1st 3 hundred and sixty 5 days (08-09) and basically in his aims did he come that close!! Rocky - It relies upon on which way the economic gadget grew to become? contained on the topic of this administration, my guess it grew to become to the unfavourable (I say with a smirk on my face), yet at superb stayed the comparable (I say rolling my eyes)!! i assume you need to call that a incredibly good!! total count style of the unemployed reaches 19%!! it is people who the two gave up or have been given an extension on their unemployment exams, filed for unemployment, now no longer getting unemployment and not looking!! 4 extra years of one of those replace? sure we can?
end the hemp prohibition. With the plant being 15% fiber and 85% high cellulose bearing hurds we could put people to work in farming, textile and energy production not to mention the revenue that could come from the high THC buds but that part would need to follow current liquor distribution laws. A side benefit would be that by taking weed away from dealers and putting it in the hands of business people with a license to protect, we'd be able to get it out of our grade schools.
No more foreign aid until our budget is balanced. Cut all spending unless absolutely necessary. Take away the tax cuts and raise everyone's taxes somewhat.
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Create an emergency banking system to provide corporations access to loans (do this soon - we really don't have much time left on this little bomb)
Rebuild the existing banking system
Delete some stupid laws, like the fair housing act
Lower taxes for everyone
No bailouts - EXCEPT I would dramatically expand federal guaranty of student loans
Let the FDIC insure up to 3 separate deposit accounts in the same bank
Let corrections happen - no bailouts of CDO holders, mortgage companies, insurers or car companies
Convert the commercial paper held by the Treasury to long term, interest-bearing but amortizing notes at the 5-year rate plus 200 bps (obviously give the issuers a chance to buy back the commercial paper)
Stop cutting interest rates and growing the supply of money and credit, thereby creating bubbles
Freeze federal spending
Make the Bush tax cuts permanent
Also cut tax rates further, making 10% the maximum income tax rate for the first $80K and 12.5% tax rate for $80K-$120K
Apply the social security tax to the first $500K of income
Raise the federal gas tax by 10 cents, in three increments of 5, 3 and 2 cents per gallon; raise the tax on diesel fuel by 20 cents per gallon, and use the increased revenue to pay for needed highway improvements and expansion
Interest in stock market:
Lower capital gains to zero for a promise of two years.
Show a willingness to shrink the federal government.
Personal debt management:
Review and proposals for credit card companies such as credit limits for purchases on a credit card (larger purchases must go through a loan venue with separate collateral proofs etc.). Also, credit card debt should be short term so a law to manage the term allowable on any debt before the debt is mandatory to collect or a renewal or debt review.
Communicate clearly the need for domestic production of consumer goods such as appliances, electronics,,,etc. place incentives for domestic business interests to invite more domestic production.
Drill oil everywhere while moving to sugar based alcohol production. Remove the tariffs on sugar that protect the corn products. Import sugar for a cheaper alcohol production. Emphasize neighborhood solar production.
Make a law to suck lobbyists dry such as a certification process for lobbyists that requires they spend 3000 hours in community service for two years straight to qualify for a lobbyist certification test (habitat for humanity doesn't count). Then when the lobbyists are busy working at circle K revert everything back to sensible.
bruce, what u . s . a . do you reside in? 5.a million mil jobs created decrease than obama? he reported something like one hundred,000 with interior the 1st 3 hundred and sixty 5 days (08-09) and basically in his aims did he come that close!! Rocky - It relies upon on which way the economic gadget grew to become? contained on the topic of this administration, my guess it grew to become to the unfavourable (I say with a smirk on my face), yet at superb stayed the comparable (I say rolling my eyes)!! i assume you need to call that a incredibly good!! total count style of the unemployed reaches 19%!! it is people who the two gave up or have been given an extension on their unemployment exams, filed for unemployment, now no longer getting unemployment and not looking!! 4 extra years of one of those replace? sure we can?
end the hemp prohibition. With the plant being 15% fiber and 85% high cellulose bearing hurds we could put people to work in farming, textile and energy production not to mention the revenue that could come from the high THC buds but that part would need to follow current liquor distribution laws. A side benefit would be that by taking weed away from dealers and putting it in the hands of business people with a license to protect, we'd be able to get it out of our grade schools.
Let failed businesses fail.
Don't increase taxes on businesses.
Don't implement a Universal Helathcare.
Don't penalize businesses that don't provide healthcare.
Basically, don't implement the programs he was elected for.
No more foreign aid until our budget is balanced. Cut all spending unless absolutely necessary. Take away the tax cuts and raise everyone's taxes somewhat.
KEEP all tax cuts in place and do not raise ANY.
Cut the corporate tax rates in half.
Further cut taxes to the actual middle class.
Nothing helps the economy more than consumers getting to KEEP their OWN money. Even JFK knew this.
end the war in Iraq
Tax the Churches.
I don't think they pay anything.