political foo: providing an alternative

[alpharaposa]

When the House Republicans oppose something, they come up with an alternative.

Comments

[zeeth_kyrah]

And other people don't?

[zeeth_kyrah]

On the gripping hand, the linked article's selection of proposed rules for that particular alternative banking bailout plan seem quite reasonable; I should hope the rest of the rules are just as sane and as publicly transparent as possible.

[silussa.livejournal.com]

Is it just me, or is the Congressional Republican solution for everything anymore always includes a capital gains cut or termination?

[prester-scott.livejournal.com]

What's bad about that? Taxation is disincentive. If you want to avoid the credit freeze and resulting slowdown in business activity everyone is predicting, then you make it less expensive for them to invest.

[silussa.livejournal.com]

Yes, but if you're trying to provide an immediate result, the tax system is a HORRIBLE way to do it. As attempts to deal with recessions have shown, there's roughly a year (or more) lag before tax breaks begin to have an effect. The normal length of a recession, on the other hand, is about eight months.

there are a lot of OTHER arguments, but that is probably the most strightforward: it won't work soon enough to deal with the problem.