Trading Now

Trading Now

Monday, February 9, 2009

The Proposed Stimulus is beginning to look alot like Xmas, with coal in my stocking. Obama can do something.

Bush challenges hundreds of laws
President cites powers of his office
By Charlie Savage, Globe Staff | April 30, 2006

WASHINGTON -- President Bush has quietly claimed the authority to disobey more than 750 laws enacted since he took office, asserting that he has the power to set aside any statute passed by Congress when it conflicts with his interpretation of the Constitution.

from S. Brennan
*I am not liking this New Deal. We already know that any stimulus will take months, even years to be felt in the real economy. So why not do it right this first time. Give Americans a real stimulus bill. A serious bill. President Obama should do what Bush did and sign executive orders to get what we need, not what republicans and even some democrats want.

Some ideas:
1) change the tax code to reflect deductions for all interest on credit card, car loans and student loans today and make it retroactive 2 years;
2) change the bankruptcy code to allow all of us who are credit and debt maxed out to declare bankruptcy and let us start over. With a GDP that is 70% consumer driven, what choice do you have;
3) grant money for college should be increased to reflect the rate of inflation as well as, spiraling ever higher education increases;
4) a one year payroll tax holiday for ALL americans; and
5) money sent to cash strapped and overtaxed states in order to cushion the massive layoffs that are sure to come over the next few months.

I'm no economist, just a working stiff with alot of student loans and credit card debt trying to find a high enough paying job in a marketplace that says minimum wage is too high. These are some of the ideas that may already have been on the table, but from the looks of the latest bill, have been watered down to amount to a big ole nothing for Joe the Plumber and me.

No comments:

Post a Comment


Wikinvest Wire