I myself on this blog have been guilty often of complaining about what the liberals have proposed economically and not suggesting my own alternative. This is common, human, and an easy reaction to being in the minority, but if I want to be out of the minority we (that's means you) have to bring something to the table. And so, here it goes:
1. Advance Nuclear Energy - energy is critical to the functioning of any industrial economy. With Nuclear Power, we can build a cheap, carbon-free, easy to maintain energy grid that will not run out, if accompanied with reprocessing or breeder reactors, for hundreds of years. Best of all, we can get rid of our coal power while lowering the cost of energy. Critics will say that it is still nonrenewable. This is mostly true (although nuclear recycling by both methods has been achieved up to 90%), but it is also true that no power plant built in the US will last forever, and this power source is guaranteed to outlive the power plants that are built for it. Which is more long-term, a nuclear plant that will remain in service for 100 years or a wind/solar plant that must be rebuilt every 20? Yes, thinking is involved.
2. Proposed TARP III Requirement - "any bank that accepts TARP III money must lend it's offices, facillities and other resources to corporations with large cash reserves that wish to do their own banking..." so Microsoft and other cash-rich businesses can invest their huge cash holdings in growth industries without the capital overhead of a bank. Basically, we're giving AIG and Citigroup to Bill Gates, and could you find a better steward?
3. Place Limitations on Zoning - Large swaths of strategic lands were placed off limits to non-residential development to protect land-values. Although I can understand protecting natural lands for all to visit, I cannot understand using the destruction of industry to profit small numbers of residential home-owners. This kind of behavior is part of what spurred our subprime crisis, as we were effectively subsidizing the real estate industry, and as the real estate industry grew unnaturally in size, it also grew in influence, eventually conquering the state of California's jobs market, and it used that influence for evil. Always be suspicious of an industry that doesn't make anything. (Of course, that's not all it did; it also drove up the land costs of factories to the point where many industries, like metallurgical industries, that are capital intensive and thus natural for America to have, were instead driven to Taiwan, which doesn't have cheap labor but does have many of the same intellectual property, consumer market, and infrastructure advantages as America.)
4. Consumer protections - Institute more rigorous antiusury laws that cap interest rates and remove loopholes. Also institute laws protecting American goods against mercury content and other such fun stuff; won't help the stock market, but what good is prosperity if what you're buying is crap. I have no problem with banks and other corporations making scandalously large profits provided no one gets ripped off.
5. Transportation & Water - If any more stimuli are drafted, make sure they focus on transportation (both road and rail) and water. Investments in such will both increase demands for goods and increase future forecasts through their "stage two" benefits to the supply-side. Also rush construction, so that the money is spent now. Instead, we've taken a philosophy, publicly, of mindless, unneccesary, and heavilly corrupt (cough cough General Motors) spending = good, thus proving that the people who drafted our economic policy are either horrifyingly cruel sadists or have the same mental age as a toddler. I'll guess the first.
With this economic plan, I believe our present situtation, and future, can be addressed. Comments are welcome.