I would like to see a freeze and/or rollback of mortgage interest rate at the teaser rate that people bought the house in the first place. I would also put a freeze on foreclosures. I would then have homeowners get current appraisals on their houses, and the amount due would be adjusted to the real value, not the inflated value that the houses were loaned at. If a lender or bank feels the homeowners appraisal is wrong, they can have it reviewed and or reappraised and go to arbitration.
It is the banks/wall street that put the real estate industry on the ropes. Let them reap what they sowed.
To recycle money into the economy, go back 5 years. Any CEO that got a golden parachute when their company lost money or went broke should be required to repay the parachute. That money should be returned to minority investors. That alone will produce several billion in money back to the people who were willing to put their money on the line, and had faith in free enterprise.
An additional source of money to the economy would be to require all employers, nationwide, to hire legal immigrants and citizens only, with substantial fines for the employment of illegals. Put a freeze on money being exported to third world countries.
A windfall energy tax on oil companies should be put in place with the revenues generated invested in alternate energy resources. There is no justification for oil companies to record record profits when the country is hitting a recession due, in large part, to the price of oil and fuel.
Neighborhood clinics should be developed immediately, where a person can get basic health care at low or no cost. A sick kid keeps a worker home, a sick worker infects other workers. Keep them healthy so they stay productive.
"Mirror" trade policies. If Japan refuses to accept American food products, then Japanese exports should be refused entry to our country. They want us to open our markets? Fine, Open theirs. They want to sell us cars? Great, buy our beef. All products should be made according to our standards. If China wants to provide us with toys, and they are found to not be safe, shut down imports from China until we are satisfied their products are safe. Will it cost us? Sure, but craftsman boot and shoe makers and toymakers and textile manufacturers will move to fill the void, and if they cost more, they will still be worth more. Countries like Canada and Germany and Holland, with minimal trade barriers will enjoy greater access......and it doesn't hurt to support our friends, instead of our enemies.