Time to abolish corporate taxes!

I love how we turn to congress to fix the mess that uh congress got us into… First congrats to the members of the house who voted against the bailout plan, you are patriots in the truest sense. Now I agree that we need to do some sort of bailout but there has to be accountability, for the executives sure but I mean accountability for creating the mess in the first place.

It is mostly democrats in congress going back to the Carter Administration that have created this mess by arm twisting banks into giving loans to people who couldn’t afford them. Banks were threatened with investigations, etc all through the Clinton years. Barney Frank and Christopher Dodd should also resign as chairmen of the House and Senate Banking Committee.

Next item is how to pay for it. I have yet to hear anybody especially the House or Senate leadership tell us how we’re going to pay for this $700 Billion bailout. For some reason congress has to “pay” for tax cuts but not bailouts? Not buying it. We need to generate more revenue to the treasury; we need a more friendly business climate in this country so I suggest we abolish corporate taxes immediately. This will stimulate the economy, encourage more investment and create more jobs.

As usual the answer to any crisis is to get government out of the way, and as usual governments reaction to a crisis will be to get in the way.