Getting the economy back on track

In my previous article on the bailout of US banks, I mentioned that the government should have bailed out the middle class instead. There was a slight problem in which I have overlooked in my article, namely the job loss and how it would force Americans onto the streets if Barack Obama carried out my plan. Well that's alright, since the answer to the loss of these American jobs would be to create more jobs.

Where to begin? Well for one thing the American infrastructure needs a complete overhaul. Years of neglect have worn out the roads, bridges, railroad tracks and buildings across the US. All these would require thousands of jobs, if not millions and governors of all 50 states have indicated that they would like the President-elect to inject billions into these projects. That's good, since the governors from both side of the aisle note that some states have run out of money in their treasuries to carry out such projects. Those engineers and technicians would be put to better use in addressing the neglected infrastructure in the US.

Then, there is the urgent need to centralize the health care database across the country. Hospitals and clinics across the country could benefit from a centralized database of patient records, thus eliminating the time taken in requesting patients' medical records should he or she cross state lines, thus cutting significantly health care costs in the US. This would require thousands computer scientists, software engineers, electronic engineers and etc. to synchronize the database. Again this requires some significant amount of federal funding, and the President-elect should have no problem in eliciting bipartisan support for such a program.

President-elect Obama could also create a tax-free zones across the US to promote existing and new green companies who could create, again, thousands, if not millions of jobs. These companies should be able to produce green technology products not only for America, but also for European nations who face a more assertive Russia in obtaining they current energy needs.

The President-elect should support a nationalization of the big three automakers in return for a federal bailout package. This would then ensure that the Americans could then concentrate on greening the American cars, which some of these automakers have already a head start.

Well these are just a few examples in which President-elect Obama could create jobs in America to promote a bailout plan for middle class Americans. The most important thing for the new administration is to stay open minded and be creative in its quest to improve the American economy.

Of course all these measures would be for nothing if the new President could not resolve the cause of the current depression through sweeping legislative reforms. In essence, President-elect Obama needs to prevent banks from getting greedy - again!