Comments on: Debts May Roadblock Auto Bailout

Automakers, Set To Beg Congress For A Handout, Have Billions In Debt To Contend With

[cariboubarbi]

Why these dumbassses still have their jobs is beyond understanding.

[jschmidt27]

http://www.kudlowsmoneypolitics.blogspot.com/
I had a chance to talk to Nobel Prize-winning economist Robert Mundell about all things economic. What is to be done? I asked him.

Mundell, you may remember, was a leading supply-sider in the Reagan revolution. He argued for low marginal tax rates to spur the economy and a stable dollar to eliminate inflation. Bob Mundell also is the father of the euro. He is plainly an incredibly brilliant and distinguished man.

The dinner was put together by the indefatigable hard-money analyst Judy Shelton, a pretty smart gal herself. Our spouses were there along with some friends.

So here%u2019s Mundell%u2019s latest take on a pro-recovery, fiscal-monetary, growth mix. First, he%u2019d like to see a complete corporate tax holiday for one year. He then favors corporate tax reform that would drop the current top rate from 35 percent to 15 or 20 percent. He believes this would generate badly needed business investment and job-creation to fight recession.