Deregulation in job hiring requirements could spark job growth?

It's standard Milton Friedman, libertarianism 101, which in practice benefits the corporate elite, so hardly out of that box.

We need to have a another massive stimulus program, which is not just another tax cut for the wealthy who just put the money into savings where it does not have a high multiplier. As Krugman and others argued from day one, the first one was too small to work well enough. Shift money asap from the federal treasury to rehire teachers, and other government workers let go. Temporarily eliminate the fica on the first 20 or 3K of wages to put money in the hands of those who will spend it. Forget the silly Tea Party/ corporate elite desire to reduce the deficit in a recession. The last thing we need is lower wages for the majority so they can spend less, a product of lowering the minimum wage.

Stop tax subididies for corporatations who shift jobs overseas to Bangladesh and other low wage areas. Reform and start enforcing existing laws allowing workers to form unions so that they could increase their share of the pie, again increasing the multiplier-- especially in the US as they don't take most of their money and invest it overseas like wealthy investors.

Corporate Repubs in Congress will resist this as their patrons want a high unemployment rate to help put in Perry or Romney, corporate toadies, to continue lowering the taxes on the wealthy, cutting service to the middle and lower classes and shipping more jobs overseas to enrich corporate execs and major stock holders-- continnue the Reagan revolution of trickling wealth upward.

Long term once we have addressed the severe recession and unemployment probelm, we need to rejoin the modern world with improved infrastructure
, bullet trains, solar energy which will help the US remain competitive in higher wage industries during the end of cheap oil era.

 

Sorry to point out something irrelevant but Milton Friedman is definitely not your stereotypical libertarian. I dont agree with monetarism but its definitely a legitimate school of thought based on actual research, statistics and science as opposed to crackpot Libertarianism which is based on some fanciful Ayn Rand dream world.

 

that could have been written in 1979

President Commodore's plan to revive the economy:

1) Balanced Budget Amendment with spending caps, 2/3rd majority requirement in both Houses required to raise taxes, bust spending cap, or engage in deficit spending.

2) All regulations sunset after 6 months unless approved by Congress. (we are a nation of laws, not decrees)

3) Abolish the 16th Amendment and all taxes. Replace with the Fair Tax (a national retail sales tax, HR 25)

4) Abolish any federal agency and/or agency function that cannot justify why it could not be done at the state level. This includes the Depts. of Education, HHS, HUD, Commerce, Energy, Labor, Agriculture, FDA, OSHA, USDA, NLRB, Welfare, Food Stamps

5) Abolish all federal drug prohibition laws, the DEA, the ATF

6) Abolish all federal subsidies

7) Divest most/all national parks/monuments back to the states

8) repeal the Affordable Care Act, Dodd Frank, Sarbanes Oxley, No Child Left Behind

9) Divest from Fannie/Freddie/Sallie Mae/GM/Chrysler/Amtrak

10) end TARP and too big to fail

11) Mandate quarterly audits of the Federal Reserve

12) Modify entitlement programs so they are no longer open ended and are instead limited to a percentage of revenues available (this is a topic unto itself)

13) abolish the federal minimum wage

14) abolish all tariffs

15) fast track approval for nuclear power plants

16) remove any/all moratoriums on offshore drilling/fraking

17) dissolve the Postal Service

18) defund public broadcasting and the National Endowments for Arts and Humanities

 

It's funny how people talk about our spending problem and economy without a grasp of the scale and impact. People get caught up in sound bites.

Why can't people accept what the majority of economists recommend? Are these guys liberal commies or something? Isn't be divorced from business and social interests make them a bit of a logical voice to listen to?

We know we cut taxes way too low for the rich and that created a deficit problem along with these wars. So we're ending the wars, and we have to end the tax giveaway for the rich. and things like subsidies are long over due to be gone.

There is a need for deregulation - but we also don't want to become China where the result of it is you can't take a breath in Beijing without chocking or so corrupt that getting anything done is via bribe like india (or some would argue like lobbying in the u.s.)....or allowing companies to sell the public trust difficult to understand derivatives with higher risk than rated by S&P. Hmmmm. But where is the balance? What is the right amount of regulation. If someone says none, I ask them would you eliminate the EPA entirely - have you been to China? What about insuring our deposits? Maybe wikipedia the great depression?

I don't know, I work in business and I don't trust business because it will bend or break whatever rule it can to make a buck. There is no morality. They will pollute, cheat, bribe, lie, steal - simply because if you can gain an advantage by doing anything like that - there will be someone who will do it to exploit it. And anyone who thinks business can self-regulate is either not in business or is being dishonest.

If you want to control spending, cutting NPR or Planned Parenthood is a mere cover for attacking liberal thinking - not making a difference in the deficit. Anyone serious about control debt has to put raising taxes and cutting entitlement programs as the key pieces to that, as well as military spending. Those are the 3 devils of spending.

The economy needs stimulus - that's clear. And yes we need some deregulation, but very careful to consider the reprecussions. We don't need companies throwing millions of dollars at candidates effectively bribing them, but that's what we have now. I think we are witnessing the impact of what happens when big international companies with little interest in our economy run our nation instead of people.