A reluctant yet rare descent into Washington politics!

One of our nation’s most popular radio talk show hosts has offered the following bi-partison solution to solve the current U.S. recession:

President Obama has proposed spending one trillion dollars to stimulate the U.S. economy. Here’s an alternative proposal on how to spend/invest it: Based on the previous election’s voting averages of 54% Obama to 46% McCain, 540 billion will be spent on infrastructure spending initiatives per Democratic proposals and 460 billion will go to capital gains tax cuts and corporate tax rate cuts per Republican proposals. News of this alone would stimulate the financial markets as they did in the 90’s when President Clinton announced that he and legislators had reached an agreement in principle to balance the budget. The market reacted positively to this announcement as it historically does to events from Washington. This satisfies the claims of desired bi-partisonship avowed by the current administration. This will also determine what best stimulates the current economy. Who knows, perhaps both proposals will work! After all, the economy should not be Democratic vs. Republican and this could unify the country (as during 9/11 days) if we simply set aside the politics.

Wanna know who proposed this? What do you think about it?
Clue: http://online.wsj.com/article/SB123318906638926749.html

Jim Richardson


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