LCACM

Buffett's Import Certificates Plan Could Pilot the Economy to a Safe Landing

The author of the article has a refreshingly correct idea of how to solve the current financial meltdown. The meltdown is exacerbated by the huge trade and budget deficits. Lower interest rates did not solve the problem due to the fact that the US no longer has any manufactuting left, to benefit from the lower rates. The huge budget deficit makes the US government totally dependent on the Chinese communists for it's borrowings. This paralyzes the White House and the Treausry for fear of angering the Communist masters. The problem can be solved only when the US taxpayers demand from their leaders a solution to the Trade and Budget deficits.