Time for “Repatriation Easing”

Robert D. Atkinson November 9, 2010
November 9, 2010

Last month's report of 151,000 new jobs was good news. At that pace, we can get back to the low 2007 unemployment rate - in 20 years! How can we do better? Last week the Fed tried "quantitative easing" - a dismal-science phrase for buying up government securities and dumping $600 billion back into the economy. Here's an additional idea: repatriation. In this blog post, Rob Atkinson argues that the idea has proven itself in recent years and is needed more than ever. Companies are eventually going to invest that trillion dollars or so now parked overseas. Why not amend the tax laws to make sure some of that money gets invested and moved into the economy here?