As the Washington politicians run around trying to gain votes with an "economic stimulus" plan, some real reflection on what would stimulate the economy is needed.
The current idea is to just give everyone in the country some dollars to spend. This is great for that small portion of the economy that gains from the import of cheap imported goods. Great also for the Chinese economy and Chinese workers. Great also for those who agreed to pay for a mortgage they later decided they couldn't afford. Now they can celebrate living in a house for free for a year or so and shafting the pension funds and others who lent them the money.
Why not try to create jobs for American citizens by reducing what is the second highest tax rate in the developed world on the companies that could create real jobs?
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