Real Solution

If politics and partisanship where not standing in the way of progress, the economy could be made the powerhouse it once was virtually overnight. The answer is so simple that no one takes it serious. What polices could be enacted that would help the most people in the shortest period of time is the real question. I plan to answer that here, but first a few points must be made.

 

There are an estimated $2 Trillion setting in banks around the world that belong to companies and individuals who desire to bring that cash back to the US. It was earned in other counties but to bring it back to the US would require enormous taxes be paid when the funds are repatriated.  Keep this in mind while I discuss something else important to the solution.

 

Energy  is the life blood of our economy. The cost of energy plays a more superior role in the health of our economy than any other single element.  A strong manufacturing base is essential to economic recovery as well.  In order for the benefit to encompass the most people, ranging from the poorest to the very affluent we must lower energy costs. In addition, lower energy cost would help manufacturers become more competitive on the world stage.

 

Cutting energy cost significantly would create more disposable income for every family as the cost of nearly everything we buy would be less expensive. Savings on food, transportation, heat and electricity would serve to benefit American families, the effects of which could be felt quickly.

 

How do we do it?  Government needs to pass a law immediately that would allow all funds repatriated that are invested in energy and manufacturing without tax burden. Yes, the foreign funds could come back to the US and provide the capital necessary to fuel the next boom economy. Next, all taxpayer owned federal lands should be opened to energy developers who can demonstrate the ability to extract energy without harming the environment. The technology for which currently exists.

 

This should not be a partisan issue.  Instead of taxpayer stimulus, private funds should be used to stimulate the economy and drive energy cost lower.  Once these funds and land where made available for development, millions of jobs would be created many of which would support on the job training for the less educated.  As new sources of energy are brought to the market, less foreign sources would be necessary. It would create the largest economic boom of our lifetime and create jobs faster than we can fill them. All of this could be accomplished without a single taxpayer dollar being invested.

 

I know the devil is in the details, but this should be the foundation on which we the start to move toward helping middle America.