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Latest | Highest rated10 Things That Will Make Obama's Economic Plan Successful [View article]
"Incentivize capital formation"
Nuts...why go through hoops. The thought that comes to mind is "right church, wrong damn pew"
I'll give you an easier way; stop capital gains taxes for 5 years - completely. Yes, kill it. AND THEN (to avoid leaving a job half done) reintroduce it at a dramatically...breatht... lower rate. There's your damn incentive towards capital formation.
"Suspend mark to market accounting"
Excuse me, but are you completely out of your cotton pickin' mind? Have you been asleep since this mess began? Evidently so - FFS this is what caused the freeze in interbank lending a/k/a/ "The Credit Crisis" - because no one had any clue how to value anything.
Your article makes zero sense to me, and I paid you the compliment of reading it through a number of times.