Friday, November 7, 2008


Dear President-Elect Obama:

Congratulations on your historic win in Tuesday’s Presidential election. I wish you the best of luck in dealing with the mucking fess that your predecessor will leave you with.

Some words of advice –

1) I read that you want a second stimulus “package” that would include rebuilding America’s crumbling, roads, schools, and bridges (i.e. the “infrastructure” of the country). This is a good idea - very WPA-like.

However the same article said you wanted a second round of rebate checks. Please! Please! Please! Learn from the mistakes of the last two failed attempts. Read my lips – NO MORE REBATES!

If your package must include putting money directly into the hands of the people, do some serious investigation of alternative methods, including a “payroll tax holiday”.

2) Whatever you do, do not appoint current New Jersey Governor Jon Corzine as your Secretary of the Treasury. It is not that, as a New Jersey resident, I do not want to lose him as our governor. I certainly do!

Corzine’s alleged “financial expertise” is a fallacy. He certainly hasn’t demonstrated it during his tenure as NJ governor. In reality Jon Corzine was nothing more than a lucky stockbroker.

There are many, many more qualified choices from which to choose – don’t make the mistake of selecting Corzine.

3) When it comes time to put pen to paper on a Tax Reform Act please take a very hard and serious second look at your proposals for multiple ill-conceived refundable tax credits. Refundable tax credits = bad tax policy. They only encourage tax fraud.

That’s about it for now. I am sure I will have more advice for you in the future.

Oh, by the way. The use of the term “brother” in the title of this post has no hidden or sly meaning or connotation. It is simply how the lyrics of the song, from PAJAMA GAME, were written.


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