August 26 , 2011
Restore Economy/Put People to Work
President Obama will soon unveil his long awaited economic recovery plan ….about 3 yearslate. While you procrastinate, Mr. President, I’ll suggest one for you to chew on.
Send Congress a consumption only tax plan. Eliminate 95% of the IRS. Eliminate95% of all tax loopholes, deductions, write offs shelters and federal subsidies (startwith the ethanol subsidy). We need the corn we produce to eat and to feed the farmersanimals. By the way, I haven’t noticed ethanol prices decline much even with our foolhardy subsidies. Have you?
Lower the U.S. Capital Gains Tax by 50%. Lower the U.S. Corporate Tax rate by50%. You will see foreign corporate headquarters and their billions come back toAmerica. You will see increased business expansion and a corresponding drop in our unemployment rate. You will see a positive reaction in U.S. markets, especially thestock market. You will see…..Do I expect this to happen? Are you kidding me? Never, not under this President. PresidentObama wants increased Government spending and increased taxes. Just the wrong recipe.You will see….Remember, he tried the great stimulus plan nearly 3 years ago. You can seehow this worked out. My guess is he’ll try it again along with higher taxes, and more printedand borrowed money. Wait and see….
What impact will Republican redistricting have on US Congressional, State House and StateSenate races in 2012? Assuming the courts find the newly drawn districts to be fair and legal,and I believe they will, what impact might you expect? No one knows for sure. The top of theticket may play a key role in whatever happens. There is a world of difference in, for example,Perry of Texas and Huntsman of Utah on the R side. Perry’s nomination would greatly impactthe NC ticket. A Huntsman nomination would not. The state of the economy always is a keyfactor, certainly will be in 2012…..maybe more so than ever.The districts themselves are competitive enough for Democrats to win a majority in both theHouse and the Senate. Whether they do so or not may be determined by how successful they