But doesn't it trouble you that our government's idea of how to stimulate the economy just focuses on bailouts rather than really creating business?
Obama will be pushing for his infrastructure rebuilding; of course the news yesterday already brought evidence of the push for pork in all of that -- something I have warned about. There are requests for a water park and a program to end prostitution -- all in the name of necessary infrastructure. Hmmmmmm.
So, here's my latest idea ... if Congress really wants to stimulate the economy, then it needs to free up cash in the pockets of those who will actually spend it -- not those of us like me who would just use it to pay down debt or try to replenish retirement savings. The best way to do that quickly and efficiently would be to figure out a way, even at this late date, to raise the AMT thresh hold for 2008 federal taxes. This would clearly create money that would be spent on consumer items, stimulating the economy. Yes, for my business, this would be huge I believe but I think it would be for many other businesses as well. Consider writing your congresspeople about this; I have.
P.S. As an aside, I must admit that generally I am pleased with what the president-elect is putting together. Pretty bugged by his Labor Secretary pick though.