/dev/null Posted August 14, 2010 Share Posted August 14, 2010 http://www.nytimes.com/2010/08/14/business...14fed.html?_r=1 Link to comment Share on other sites More sharing options...
Magox Posted August 14, 2010 Share Posted August 14, 2010 http://www.nytimes.com/2010/08/14/business...14fed.html?_r=1 Santelli sort of has his view... It's so hard to tell, I really don't know how to feel about this. His argument is more from a psychological point of view and how it effects banks and consumers. To tell you the truth, I really don't believe there is much the Fed can do to stimulate the economy from this juncture. As I've noted before, this is a structural issue, that can only be solved through the private sector with a little help from the government by providing a business friendly atmosphere.... Nothing creates innovation and employment than allowing corporations to keep more of their profits. The U.S has the second highest corporate tax code in the world at 35%. Even after all the loopholes corporations still pay over 27% compared to the developed world average of 16%. It's time to bring down the corporate tax code, not that I believe that this would stimulate the economy in the short run, but over the medium to long term it definitely would. There are no quick fixes. Link to comment Share on other sites More sharing options...
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