We Are All Japanese Now

If our sage counsel had been courted, we would have told the feds to take the high road. Don't cut rates, raise them. Get it over with. Reward savers, not spenders. Give people a bonus for doing the right thing, not for doing the wrong thing.

We're not above a little showmanship either. If Obama wants to keep the masses at home watching TV rather than marching on the White House, he should offer a real stimulus:

Give people back their tax money. Declare a Tax Jubilee. No taxes in '09. No income taxes. No capital gains taxes. No federal taxes of any sort…not even any inheritance taxes. If we had our druthers, you could die in '09 and rest in peace…with no tax consequences…leaving your money to whomever you wanted.

Obama has a plan to take our money and spend it. Bill Bonner has a better plan. Let us keep our money and spend it ourselves.