Pour Some Sugar On Them
Steve Green introduces the SUGAR Act of 2009:
Yesterday’s PJTV Issue of the Day (subscription only, but get spendy with the five bucks already) was more fun than a paper sack full of Hooter’s girls — but how could it not be, with Bill Whittle, Scott Ott and myself. And none of us were wearing bright orange short-shorts. So far as I know. Anyway.
Bill threw out the question, “The markets tank every time Secretary Geithner or President Obama say or do anything. What’s to be done?”
That’s a good question. I have a bad answer. It’s called the Shut Up and Go Away Reform Act (SUGAR Act) of 2009. And it’s amazingly simple.
We as a nation will pay Obama and Geithner 1% off the top of any and all stock market profits. In exchange, they’ll shut up and go away. They’ll keep their jobs; they just won’t do anything. Surely, Treasury couldn’t do any worse with 18 of 18 top positions vacant, than it has with only one position filled. And after 75 years of presidential overreach, it might be a nice change of pace to have a chief executive whose chief goal is to enjoy a nice cocktail.
I’m sure the SUGAR Act has holes in it, but you’ve got to admit — Pelosi & Reid would twist some serious arms to get the thing passed.
With the CBO forecasting unemployment peaking at 9.4 percent in late 2009 and remaining above seven percent through the end of 2011 and this year's deficit (hey, remember those?) at $1.85 trillion, it can't be enacted fast enough.