What Obama needs to do is start a huge, comprehensive jobs creation program like the New Deal that would include government works projects, rolling back the Reagan and Bush tax cuts for the rich and getting out of "free trade" agreements with poor nations that only undercut our own workforce.
Opponents of this plan will cry "but that is governmentspending!" Well, I have a question for them. What the hell do you call $2 Trillion in corporate bailouts besides government spending?
We already have massive government spending. All I am saying is that we should be spending that money on the right things that will help our entire economy for the long term instead of just giving handouts and corporate welfare to millionaires and billionaires.
Tax cuts only made things worse in 1929 when Hoover tried it and they will not work now.