President Obama’s plan is the talk of all media everywhere. Many are non believers and are criticizing the president and his treasury secretary for spending too much money and having too vague of a plan. The plan has already promised to create or help put 3.6 million Americans to work by the end of 2010. The plan also speaks to tax cuts for the middle class and tax credits for individuals purchasing a home in 2009 or an American car. Despite what it promises to do and what it will actually deliver, the President stands behind his plan 100% and believes that it will take time but will work.
However, there is one idea that got my attention simply because it seems like it would work.
There has been talks of boosting the market by offering a special incentive called “no capital gains” for securities purchased before 12/31/09. This would create an urgency and reinforce people’s confidence in the market. There would however be some exceptions to the proposed idea, but it could boost small business purchase decisions and help the market to a faster recovery.
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