What Should Obama's Priority be After Inauguration?
On January 20, Barack Obama placed his right hand on the Bible, swore to uphold the Constitution and became the 44th president of the United States. The historical symbolism of this moment was enormous, but the honeymoon won't last long. In fact, it may have already ended. With a crippled economy, a war in two countries and divided nation to contend with, Obama takes office at one of the most troubled times in American history. What should his priorities be once the inauguration celebrations are over?
Drastically Change the Way Washington Works
- From Rob Nelson
By Rob Nelson - Activist/Author/TV Personality
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Change our approach to economic security
Rob Nelson asks for drastic change. OK. One idea he sort of offered was a vote on line for an option that would devote $1 Trillion of stimulus to be paid to every adult at the rate of $5000 each.
Such an idea is properly simple. It would work. I think we need more of the same simple type of very great change.
One problem today is to finance jobs by big business, small business, and self-employment.
Another problem is to provide economic security to today's very poor--by raising the minimum standard of living.
Another problem is to reduce overall greed by improving the economic security of today's middle class and exceptionally rich by popularizing inflation protected savings modeled on Treasury Inflation Protected Securities so that people can have confidence in a nest egg that cannot be destroyed by market conditions. Its ultimate protection would be PRODUCTION -- which government would undertake by subsidy to private producers or direct hire: government would demonstrate in good times its competence to replace private producers IF NECESSARY for as long a time as it might take for the private sector to get back on its feet.
If we substantially accept the above, we decide:
1. Big business jobs will be sought the way we do this today (or better, as the future unfolds).
2. Small business jobs will be sought by complete tax exemption for all small business.
3. Self-employment will be aided by adoption of micro-lending practices, Americanized as necessary.
The above changes to the Washington's Ways also depend on meeting any deficit in demand with credit directly from the central bank to Congregational appropriations at the option of the Congress. This would minimize taxes and interest and maximize economic growth for as long as severe inflation was held at bay.
In the event of severe inflation, Congress would have at hand recall and replacement of the nation's money with new money to be equitably exchanged to protect the lower half of the wealth distribution curve. The upper half would still be very rich.
Anti-trust and anti-monopoly law would always be in place to prevent ownership of property from too great concentration. How much concentration is too much? Congress may have to establish a special court to decide the issue.
- john gelles
March 19, 2009 2:45PM
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