I don't have the answers, because honestly, nothing can now be done.
But I would do this:
1. I would not have done any stimulus spending after the first Stimulus for the Meltdown of last September.
2. I wold not have increased the M-money supply.
3. I woud take the pay as you go approach and not run annual deficits as GWB and now Obama are doing. How not to? That means spend less, and probably means cuts in many things.
I've never claimed I'd handle things more effectively than now. I'm not trying to be pessimistic, I believe I'm being realistic.
Please read this:
Cut SS and Medicare? Riots in the streets and the third rail in politics.
I'll post a link for the above, in a couple minutes.
Edit in: Here is the link. Please browse this and notice the chart on Bonds (Treasury Bills).
Link:
http://www.sprott.com/Docs/MarketsataGlance/June_2009.pdf