Sunday, August 24, 2008

If I Were President, Part 3 …

Vote for me based on the following plank in my platform:

Domestic Affairs

We covered an important component of our domestic program when we earlier discussed energy policy. Let’s now discuss other domestic issues.

“It’s the economy, stupid” was the mantra in Bill Clinton’s first and successful run for the presidency. I think James Carville was the one who coined the phrase.

It’s that time again. I will meet with specialists on tax policy and develop a consensus of what is an appropriate and fair tax program. My sense is that the new system should bring in more revenues than the current tangle of regulations, many of them favoring special interest groups, many favoring groups that no longer need the favor (farmers, oil companies). I have probably now lost the farm belt and oil patch votes.

Still, the new code must not be anti-business in any way. The U.S. got to be the dominant economy in the world by encouraging investment and allowing handsome rewards to the successful. Perhaps more of these rewards can be taxed in some way, but that is for the experts to discuss.

Then there’s that pesky foreclosure problem. Current congressional proposals for addressing the problem are strictly election-year politics, ways to strengthen the images of incumbents, particularly those in seriously contested races. These proposals reward irresponsible lenders and irresponsible borrowers.

And we need to do something about Fannie Mae and Freddie Mac. Their profits go to shareholders while losses are picked up by the Feds (meaning us). This is almost un-American! Let the investors take their lumps in a down market like the rest of us have to.

Why do government supports, subsidies, and other goodies go exclusively to the rich? I am not suggesting re-distribution of wealth, simply fair play and common sense.

That’s where I stand. Are we in good hands?


jbv's Competitive Edge 


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