Cramer's Economic Stimulus
In his "Eureka Moment" segment, Cramer shared his eight-point plan for curbing uncertainty in the economy and thus encouraging companies to begin hiring. The key, he said, is to provide some stimulus, but without the taxpayers footing the bill.
1. Reinstate the estate tax. Cramer said the estate tax is the most painless form of taxation and would be a huge pickup in revenue for the government.
2. Tax hedge funds. Cramer said this single move could rake in billions.
3. Freeze the Bush tax cuts. Cramer said the timing of these expirations is only hurting us right now.
4. Forget about card check unions until 2013. Cramer said this looming issue is only preventing hiring.
5. Forget about taxing multi-national companies until 2013. Cramer said this too is only creating uncertainty and is ill-timed.
6. Shelve cap and trade. Cramer said Obama needs to abandon cap and trade and simply tell the utility industry it needs to start upgrading all coal plants.
7. Issue 30-year Treasuries. Cramer said the U.S. must seize the opportunity of low rates today and issue enough debt to avoid a liquidity crisis in the future.
8. Bring home the troops in Japan and Germany. "The Cold War is over," said Cramer, adding these bases only cost us money.
Cramer was bullish on
(CREE - Get Report)
(WM - Get Report)
(AAPL - Get Report)
(PNRA - Get Report)
(NTAP - Get Report)
He was bearish on
(SNDK - Get Report)
-- Written by Scott Rutt in Washington D.C.
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