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Joined: 28 Dec 2005 Posts: 11987
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Posted: Sat Aug 02, 2014 10:41 pm Post subject: Obama Depression - Public Service |
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PeakTrader:
The Obama depression began in June 2009, after the Bush recession ended.
Despite QEs and sustained optimism in the news, it’s been a rolling depression, where the economy improves for a while, deteriorates for a while, etc..
Economies change. We needed bold tax cuts and much less regulation more than ever.
Instead, we got small and slow tax cuts, that didn’t help household balance sheets and spur demand much, and much more regulation, on top of excessive regulation.
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Lower taxes, less regulation, and a higher minimum wage would’ve been a recipe for stronger economic growth.
The output gap could’ve been closed, long ago, and the Fed could’ve completed a tightening cycle, by now, to slow growth.
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We need to spur entrepreneurship, and make it easier for small business to grow.
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I think, every American, including billionaires, should serve the public for at least two years, at some time in their lives. And, every public servant, including politicians, shouldn’t be paid more than the minimum wage. They should live like monks and sacrifice to serve the public, in one job or another.
No more high salaries, Cadillac medical and dental care plans, fat pensions, and other excessive benefits. Money can be used, instead, to actually help people, and improve systems, for example.
Moreover, politicians shouldn’t receive any money for campaigns. They should receive equal and free media time, and reporters should just report the news, rather than tell the public what politicians didn’t say or mean.
Politicians should be able to run for office as many times as they want. However, they shouldn’t become rich for just serving the public.
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