Comment Re:This is not only good common sense (Score 2, Informative) 565
Given Clinton raised taxes (the largest tax raise in history if the Republicans are to be believed) and he left office with a robust economy and a balanced budget as well as unemployment below 4%, and Bush reversed all Clinton's taxes (and many other policies) resulting in enormous tax reductions, and he left office with a busted economy and unemployment rapidly approaching 10% I find it difficult to understand how anybody can still be pushing supply side economics (otherwise known as Reaganomics, and Reagan also failed with this policy).
To many people looking for gimmicky fixes to the economy are the reason I don't think we will pull out of this anytime soon. Most of what I think need to be done; Higher taxes for people who have an income, lower benefits for everybody, bigger government (in some areas) and a certain amount of protectionism for the American worker; are painful and so probably won't happen. Eventually things will really collapse, and the pain then will be excruciating. I don't think we can avoid the pain one way or another. Given Obama also seems to believe in supply-side economics causes me to see no hope.
I suspect financial incentives will not work either. I would put in a law that requires some percentage of any product consumed in the US (say for products with $100 Million gross) must be produced at least at the 25% level (of products consumed by US people) by US workers.