reply to post by Ulala
I would have let the mortgage companies modify the mark to market, let the banks that were going to fail, fail. Keep in mind - this stuff doesn't
just disappear when someone goes tits up. The assets are still in place, and another, more savvy player picks up the pieces and continues.
I would have immediately cut all taxes, individual and corporate taxes to 11%. This would have surged EXISTING money into the economy, negating this
disaster we have going.
I would have eliminated a couple hundred Federal subsidy programs, eliminated the Department of Education, reduced the DOE by half, eliminated the Fed
and transferred responsibilities to the Department of Treasury, reduced the Departments of Housing, Agriculture, Health and Human Services, Labor, and
Transportation by half.
I would have told Congress that I want a Flat Tax - no graduations, or a Fair Tax - no graduations on my desk within 60 days, and would implore the
States call a Constitutional Convention to reassert the 10th Amendment, rescind the Sixteenth Amendment, and rescind the Seventeenth Amendment,
whereby Senators would once again be appointed by their State Legislatures.
I would order the US Army Corps of Engineers and every military man required, to build a secure fence across our southern borders, and would require
Congress to pass a law that after 30 grace period, all employees must have citizenship verified, and for every employee that is a non-citizen, the
employer would be fined $25,000 for each employee, and face a mandatory sentence of 60 days in a Federal prison. All children born to illegals would
not be citizens, as one illegal act does not validate another, legal act.
That would be a good, first week.