A renown economist recently stated that there are four things the government must do to get out of a recession, and that our current leaders have failed to do what the government did in the last three downturns.
1. No Tax Increase
2. Create a stimulus package, but not with rebates.
3. Stabilize the dollar
4. Promote open fair trade agreements
Perhaps, President Elect Obama has been listening to his top notch advisers which could be why he seems to be backing off his tax increase for those making over $250,000 which set off the charges of Socialism.
Joe
Friday, November 28, 2008
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