Monday, August 8, 2011

What I Would Have Said Today

The president came out and said nothing new. He needed a bold proposal to change the dynamic and put the onus on Congress:

1> The Super-Committee in Congress should find $4 trillion more in savings, rather than the agreed upon $1.5 trillion, for a total of $5 trillion in deficit reduction over 10 years.

2> If we had come to the $4 trillion grand bargain that I advocated in discussions, we would not have been downgraded by S&P and we would not have lost trillions of dollars in asset values over the past week. We'd have probably had a rally. Perhaps, you should call your member of Congress.

3> With my proposed $5 trillion in savings over 10 years, we can afford $1 trillion of infrastructure stimulus over the next two years. The economy has slowed, in part, as our successful stimulus plan concluded. We need to add more stimulus to the economy until the recovery achieves sufficient momentum to grow on it's own. We have not had a recovery in the past 60 years that did not include stimulus spending.


Eric Martin said...

No one can see what is holding the United States down.

1) Reform patent law -- do away with patents for simple, unremarkable combinations of computer code. Run the world open source and it will grow.

2) Copyright law. Do away with Disney law. Shorten copyright duration.

3) Require AID beneficiary states to improve working conditions and environmental standards. In the end we share the same natural resources.

Imagine a better world and then build it!

Baxter said...

You are right, Eric, there is much that can be done that isn't controversial or polarized. However, it will not move the needle compared to tackling tax & spending policy, the deficit and weak economy. Obama needs to crack heads - he needs to get the job done or - at a minimum - make it clear that he is trying and being held up by the mouth breathers in the House.

Jim G. said...

Imagine a better world and then build it!

Your wrong Eric!

Phoenix was to build a huge, state run, city wireless network, right before smart phones made it unnecessary.

Why don't you two "get" that you cannot central plan our way out of this mess (it is in fact why we are in this mess).

Let people keep more of their money, leave them alone and we will be fine, it's messy but always works.

Your first two points minimize property rights, your third assumes that free people won't, in general, want to improve working conditions.

My posts today, with summary articles denoting the failure and evil of the nanny state, again, as always, show the fallacy of liberal policies.

Stimulus? Are you kidding me?