MCViewPoint

Come September we will be treated to Obama’s next big plan. Yet another attempt to save the economy. What do you bet it will consist of make-work projects funded with yet more borrowed money? It won’t be shovel ready jobs because they seem to be missing. Except for shovel ready grandma. Certainly nothing innovative like leaving us alone with our money so we can get it done. The key will of course be coming up with a ton of “government money” for the projects deemed worthy. Deemed worthy usually means it will insure votes and campaign contributions. There will be a lot of hand-wringing to be sure. I don’t what this may do to inflation but I know an easy way to get maybe a couple trillion working for us in no time. Corporations have a ton of loot in low tax foreign banks so they will not have to pay high taxes here. Heavens to Betsy we can’t lower our tax rates, we would lose so much revenue. Our braintrust in Washington thinks it is better to force companies that know what they are doing to keep their money off shore, paying a lot less tax to others and doing the US no good. Instead of getting nothing for nothing we could get a giant economic and tax revenue boost for nothing. No government spawned money sucking disasters, no borrowing and no printing presses required. Just let corporations bring their resources back to the US subject to no tax. The money would come flying back into circulation getting real, market driven projects that will do long term good into high gear. It’s that easy.