On political strategy for restoring a healthy economy

The government's role in restoring a healthy economy is primarily to get out of the way and to reduce the economic deadweight loss due to taxes and excessive regulation (which is just a tax in another form).

Therefore, half-measures in reforming and downsizing of government must be avoided. Half-measures will produce tepid or, worse, no improvement, while allowing critics of reform and downsizing to say, "We've tried your ideas, and they didn't work."
Reforms introduced must be bold, courageous, determined and, yes, some—maybe, many—will be painful to some, as well.

Economic activity presently based on government interventions (e.g., subsidies, artificial demand) will cease to exist. Initial price-jumps following the removal of interventions that were actually or functioned effectively as price controls will be unavoidable. Changes in the value of the U.S. Dollar are also likely to occur.

Protecting the U.S. economy against currency values being artificially manipulated by other nations (such as the Chinese Yuan) is not wrong as long as the protection imposed is directly correlated to the amount of manipulation in the estimated true value of the currency.

Recognition that disparities in income and wealth are normal, natural and actually function as a healthy stimulus to production and the growth of the economy is essential and should be articulated to the voters in a clear way.When legislation is proposed, the changes and the impacts of the changes must be announced and explained in advance. Along with the announcement, the long-term vision must also be clearly articulated. The reason for the change must be clearly defended against every onslaught from the opposition, and then the effects of the changes must be "survived" as reality sets in.

The costs the people must bear during the readjustment of the economy should be shared as widely as possible by implementing measures that are clearly stated to be "temporary" to ease the transition. Otherwise, the fragile political support of those suffering the temporary pain of the readjustment will be lost.

Telling the truth and not promising things that cannot be delivered is the only safeguard to the credibility of the reforms and of the officeholders who see that the reforms are imperative to our nation's full recovery and restoration.

We—the many citizens out here who understand what must be endured in the process of turning the “fish soup” our American economy has become back into the “aquarium” it should be—are here to help!