A way out of the recession
First off, let me say that I don't live in the US. I am one of the "goofy" Canucks that inhabit the frozen land north of you. I have done some thinking as to how both the US and Canada can reduce the effects of the recession that is hitting our economies hard right now.
Rather than pumping trillions of dollars into private industry to help a select few, my idea is to eliminate income taxes, both personal and corporate, for one year. The stipulation, to be able to pay no tax, is that you must "spend" this tax money. Not put it into your Savings Plan, hoard it into you savings account or pay down your mortgage (although you could pay your mortgage arrears), you must spend it on commodotties or services. You buy a chair and table, somebody has to make a chair and table, and get apids for doing so. You hire a carpenter and pay him then he can save some of the money he makes because of his "tax free" status.
I believe this could stimulate the economy in a natural way and help to get both the US and Canada out of the recession. We may have to suffer a bit, as some government projests may have to be delayed for a time, but the benifits would far out weigh the problems.
I have no idea how to get this message to the politicians that need to hear it so I am posting on this forum. If anyone thinks this is a good idea, and knows who should hear it, please forward it on. I would really like feedback from knowledgable people, either for or against it.