Dave,
If I was President I would cut taxes for all americans by way of a flat tax not just the poor and middle class but the rich also. If you give the people more of there hard earned money they are more than likely to spend it and that will bolster the economy. Certain useless government programs would have to be dropped to make up for the shortfall. God knows there are many that can be cut like all the bull$hit pork that went into the bailout that bought votes.. Next I would cut the corporate tax from almost 40 percent down to 25 to make us more competitive with other countries and lure business back into this country that would create jobs. While we are cutting taxes, lower the capital gains and get rid of the death tax, the death tax is flat un american.
I would than require banks to increase the percentage of cash on hand and than overhall lending practices. Right now consumer confidence is down and there is a distrust of CEO's cashing in while stockholders lose. As President I would make it a top priority to prosicute CEO's for illigal activity.
At this point I due not see it feasible for the government to step in and bail people out of there bad loans. Most knowingly signed loans they may not be able to pay for. It is not the governments job to bail them out from there own mistake.
I would drill for oil where ever feesible while creating other forms of fuel. Cheaper gas will give americans more money. US auto makers were killed by high gas prices and then the spiraling economy kinda piled on to kill the auto market. Cheaper gas would be a first step with getting them back on track and than along with the lowered corporate tax would get them back on the road to profitability. The fact that these corps are all going to be claiming losses this year will cut into the amount of taxes that the government will collect (which goes back to cutting the corporate tax). It's in everybody's interest to make them profitable. Every American should take pride in buying US built Products.