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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (47014)11/9/2010 3:10:52 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "The New Malaise and How to End It"

A certain amount of it is the inevitable long correction period that major financial crashes mandate.

Little enough that the government can do about that, the normal de-leveraging process (after housing crash, near collapse of banking sector, etc.) takes many years.

But for what government CAN do there is only one hugely productive action they can take: COMPREHENSIVE TAX REFORM of our corrupted and bloated federal tax codes.

Slash loopholes and special interest provisions and government attempts to manipulate economic activity. SIMPLIFY the code and LOWER RATES the equivalent amount.

(That and mandating balanced federal budgets, placing that requirement in the constitution like the Tea Party is asking for!)

Those are the two main productive actions the politicians could take....
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