The democrat president, the democrat controlled congress, and the republican minority have been playing the political game of taking care of their special interest groups for so long that they have no idea of how to deal with the realities of this economic crises we are currently in. Their bail-out plans, their stimulus plan, and their budget plan, is proof of how out of touch they really are.
So, let me explain how our American economy works. Part A, we (the American people) by products from people who make products. When we (the American people) don't have money we can't buy products. So, it really doesn't matter how much money you give to banks, auto companies, or any other businesses if we (the American people) can't afford their products. Part B, high interest rates (like high taxes) drastically reduces our (we the American people) spending. As hard as it might seem to credit card companies by having a lower interest rate people would be able to pay more towards their debt, likewise, it is hard for some in our government (not we the American people) to understand that by lowering taxes will actually create for the government more money. Part C. Government funded projects (shovel ready and infrastructure projects) will not create permanent jobs. The US government is already the biggest employer in America and it has never been profitable, making it bigger won't make it better or profitable. The money we give the government, in the form of taxes, is completely mismanaged to the continuous detriment of our economy. It won't cost trillions of dollars. Naturally, democrats and republicans won't like it because trillions of your dollars won't be going into the pockets of their special interest groups. In my stimulus plan I would enact what I call the ???Fair Interest Act???. The ???Fair Interest Act??? is the maximum amount of interest that can be charged for the following; on home loans, on credit cards, on mortgage loans, on personal loans???4.0%, student loans ???2.0%, and other type loan rates will be announced. The FIA will exist for the next three years (or longer). As people start making big dents into their debts they will have more disposable income. They will be more inclined to spend that disposable income because of an absence of high interest rate fear. All homeowners can refinance their existing mortgage. The way this refinancing package would work is like this; 35 years at 4% plus the first 5 years goes towards principle. I would place caps on fuel. A $1.00 cap on jet fuel, a $1.00 cap on diesel fuel, and a $1.25 cap on regular unleaded. This is temporary, at least for three years. This will allow businesses to reduce consumer cost and free up more disposable income for consumers to spend. I would also reduce all corporate taxes to 10% for the next three years I would reduce all small businesses taxes to 5% for the next three years. I would suspend any B2USB taxes for the next three years. There are no deductions for any businesses









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