https://www.realclearpolitics.com/articles/2020/03/12/how_to_get_the_stock_market_back.html
Election years make cowards of governments. How else can you explain the White House response to the challenge of markets in panic over the new coronavirus? The Trump administration has moved into a defensive crouch. Its best ideas seems to be to rail at the Federal Reserve, or to reduce the payroll tax. A quick-stim payroll tax cut may be just the ticket for an administration desiring to supply a momentary pocketbook break to a maximum number of voters. The president isn’t doing more because – or so goes the logic – to propose dramatic changes requiring legislation is to run the danger of humiliating rejection by Congress. And this White House, any White House, wants to look strong in an election year.
But the reality is that a temporary payroll-tax cut is a baby-step Keynesian move that won’t get America its market back. And one can’t count on the Federal Reserve, whatever it does, to restore our economy single-handedly. It’s worthwhile, therefore, to suspend disbelief for a moment and at least consider the “impossibles” — what could be done for markets by the White House and Congress if this were not an election year. There are plenty of measures that would bring the Dow Jones Industrial Average or the S&P 500 roaring back to where they were before the panic – or yet higher. And those increases would come not just because of post-panic euphoria, but also because the prospects for growth in the United States would ratchet upward. Herewith are four transformative growth proposals: