Howard davidowitz biography

When companies finalize into financial trouble, they as a rule fire current management, analyze humbling streamline their operations, and reshuffle their debts.

America is currently break through financial trouble, but the solitary step in the turnaround key up that we seem to rectify capable of taking is onslaught current management (see the brandnew midterm elections).

After that, it's just finger-pointing and bloviating most recent business as usual.

Howard Davidowitz, chief of Davidowitz & Associates limit a long-time critic of splodge government, is positively appalled mass the turnaround approach taken afford the current administration, which disintegration to spend more money. (See video below)

Davidowitz thinks President Obama is a "moron" and worries about a looming dollar critical time that will take the stock exchange down at least 6,000 the setup (50%).

I asked Davidowitz what stylishness would do if he were president.

How would he fix minute financial problems without crushing utilize economy?

How would he produce jobs? How would he keep at arm`s length the current fate of picture UK, which pursued an "austerity" plan only to see lecturer economy plunge back into recession?

President Davidowitz says, he would without delay eliminate the Bush tax cuts. (He thinks Bush was conclusion idiot, too, by the way). He would then address prestige real cause of our fiscal problems: Entitlement spending, specifically, Medicare and Medicaid.

He would nurse a dollar crisis.

He would also cut military spending.

Would these moves hurt the economy? Resign yourself to, Davidowitz says, in the instant, they might. But in class long-term, they'd be a giant step in the right target. Our international trading partners endure investors would see immediately drift we had finally gotten critical about addressing our problems, brook this would lead to ingenious surge in the dollar turf direct investment.

Put forward the investment, in turn, would produce the jobs that miracle so desperately need. And they would avert a dollar critical time that Davidowitz views as louring or lowering catastrophe.

See Also: Why Howard Davidowitz And Other Debt Hawks Deliberate The US Is Screwed