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Congress and the President and his cabinet should be allowed to go public and each official should have a stock that is traded on the New York Stock Exchange in his or her name.
Sep 20 11:02 am
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All Comments by carey_jim »No Happy Endings in the Credit Crisis [View article]
Our elected officials would then be allowed to openly make a profit from their political actions and the values of their stocks would reflect how they are doing.
A stock would be issued for each official and the stock would be traded on the New York Stock Exchange.
On November 4, whichever government official's stock had the highest value would become president, the next highest valued stock representative would become vice-president and so on down to local dog catcher.
Don't laugh. The idea has merit. (I don't believe we would be allowed to short these stocks, however. That would smack of communism.)