I can give you some ideas for legislation that will put people back to work.

1. Lower the corporate tax rate to no more than 15%. My preference would be zero, as corporate taxes only get passed along to consumers anyway. For the same reason, I'm opposed to VAT taxes.

2. Decrease the burden of government regulation. That means getting rid of a lot of the EPA, HIPPA, ACA, and other federal regulations that many estimate are costing us $2 TRILLION in productivity every year.

3. Lower personal income taxes to no more than 10%. Again, my preference would be zero. Get the investment engine rolling!

4. Eliminate inheritance taxes, capital gains taxes, estate taxes, and all those other tax-on-top-of-tax taxes.

5. Give people an incentive to work by phasing out SS AND its accompanying taxes. Along the same lines, eliminate these absurd 50 weeks of Unemployment Insurance mandates.

As for the Fed, I say that we leave them to their own devices - to be crushed by their own weight. If they want any help, it should be completely contingent on a full and complete audit.

The Fed would never decide that Congress should deal with the problem because the solution would be to prosecute all the big banks for fraud and close them down as the bankrupt (economic and ethical) organizations that they have been for years. The fed wouldn't do it because the fed itself would have to be closed in order to accomplish this task since the fed is run by those banksters.

So far, this congress has been blinking like a biker with a gnat in his eye. What is needed is a powerful leadership that will get things done, without becoming a dictator. It is a fine line because our country has been going down the wrong path for so long while disregarding warnings of the consequences.

The vote to audit the fed was along party lines, with Ted Cruz not voting on this super important issue. But, as usual, the Big Government Party won and the Fed will continue to cause economic chaos while the BGP will blame it all on business.

Replace Welfare, Medicare and Medicaid and ObamaCare with a work, training program and basic insurance program, requiring work, but offering minor training programs ONLY as specified by prospective employers that are presently hiring. Participants give up the right to vote until one off the dole.
Flat rate tax, with no deductions. Same for corporate tax, after lowering the rate to 15%.
Eliminate government programs where ever a private company can offer the same service, and question every service.

bring Reaganomics back -- and cut the business taxes
to encourage businesses to rebuild. -- j
.

Why would the president want to sign a bill like that? It does nothing to further his agenda.

Congress is just as stupid as the Fed. They booth should keep their hands off. If the politicians were honorable they would voluntarily resign after one term in office.

The FED has revised margin ratio for some assets that effectively induces funds to buy T Bills. Who's selling? The FED. The FED then buys more T Bills from Treasury. Welcome to QE4!

First of all, the premise that the Fed should control these things is both an inaccurate understanding of the Fed's real charter, that being by banks, for banks and keep the dollars and inflation going and the "control" of the gold reserves.

The QE is bogus just as is the thought that the FED is subservient to anything but the banks and Wall street. The best thing that the Fed could do with the direct intervention perhaps by Congress is to get out of the way and stop playing these Keynesian games. Perhaps it is time to change philosophies from Keynes to Hyek and the Austrians!

Unfortunately a house of cards such as has been built is going to continue to be a house of cards regardless of the Fed's "tools" and management strategies. Kicking the can down the road like they have been doing for years now, planning on "managing" the crashes that must surely result is still and always will be a losing game. The countries that get it understand that a fall is coming are the one's that are moving to gold or commodity backed currencies. This is what would help alleviate the situation we face and that in my estimation, the Fed is ill equipped to handle with the current leadership, both at the Fed, the administration or Congress.

To me, it looks like the Fed is way behind the curve and that all of the Fed's Keynesian tricks are to be of no avail. Instead of people crying for the Fed to "do something" perhaps the next steps should be to audit the Fed and see just how screwed up things really are there and to design a new strategy to deal with what is ahead!

The outcome of such an audit would be that an adjustment will be needed and it will not be one the old Fed tricks that will save the day. Unfortunately the adjustment will probably not be mild thanks to a great extend the timidity of Congress, the lack of all understanding of economics by this administration and the gullibility of the general population that have allowed the situation to deteriorate to the point we are today. If not adequately corrected soon what we have is the the makings of the "perfect storm" and with the Keynesians at the helm, it is they who are greatly to blame. Don't go looking for an intelligent response or action from them! Its not their focus or even apparently their understanding.!

For what its worth!

Thanks for all your thoughtful comments. It is my personal opinion that the Fed has thrown in the towel on ZIRP and QE and is willing to allow the market to make its own adjustments.

Go back to the "United States Reserve"? that congress and Kennedy signed? Then make the Fed: (not beholden to America nor our constitution) accountable for the mess they created and somehow word it in liberal progressive mindless terms; [confounding the language they themselves confounded]

Fat chance...(just a pipe dream of mine)

What president are you referring too?