Based on what i see and analyze, below are what i feel as more fruitful steps

Housing
1) Give good tax credits for first time home buyers to buy home.This will help stopping the falling home prices.
2) Give good tax credits for all home owners, whose home value has dropped more than 15% since their purchase.If home prices continue to fall they will also consider foreclosing their homes.
3) Give tax credits for those responsible home owners who pay of their mortgages many years before their morgage term.Say a house owner having a 30 year morgage pays of his mortgage in 20 years, he deserves good tax credit say 50% of the additional payments he made to pay off his mortgage sooner.

Housing Rental Market
1) Identify places where home prices are falling but rental companies keep increasing their rents.This is some thing i widely see in california.Provide some means for the foreclosed homes to be rented and give tax credits for those who rent these fore closed homes.This will help to stop the rents from keep rising.

Corporate
1) Give corporate tax credits for all companies (big or small) whose stock values had dropped more than 50% in the past year.

Jobs
1) Give tax credits for corporate and small business that hire freshers out of colleges in US.This will eliminate all the middle tier companies that just do contracting for commison.

Small Business
As is US economy is so fragile and its noose is entirely in the hands of the stock market.This is because small buisinesses are not thriving.
1) For all business operated by individuals and their family members with an income less than $100,000 per head, there should not be any sales tax on the goods they sell.
2) Give tax credits say 30% of the salary those small business they spend in labour.This will encourage them to hire more employees and generate local jobs.
3) For businesses operated entirely by the owner and his immediate family members there should neither any sales tax on the goods they sell nor any income tax for the individuals involved.This will encourage the families to stay close together and propel prosperity.
4)Give tax credits for all businesses whose net profit has dropped by more than 50% as compared to last year.

Health Care
1) Work with American Medical association and increase number of doctors and paramedics graduating every year.
2) No sales tax on generic brand drugs
3) Allow employees to choose their own deductibles(high or low) for their insurance policies.Higher deductibles hopefully will result in lower insurance rates.People having policies higher deductibles people will be more careful in seeing their doctors.This will spur the competion and lower the rates at least at the lower level
4) Provide tax credits for Insurance companies that pay back a portion of their insurance premiums collected for the policy holders who maintain their good physical state.
5) Mandate the pharmeceutical companies to list their drug prices on their website.Price variations of drugs are high from place to place.

Education
1) Reduce the Public school zone restriction.It has no meaning.Any family in a given state should be able to send their kids to any shool in the same state.This will cause the better schools to grow and the weaker ones to die
2) Make it easy to lay off or fire teachers and staff when needed based of their performance , or their school's performance.
3) Parents with family income less than $100,000 and sending their kids to private schools,should get a tax rebate of $12,000 per kid.
4) Lay off the school employees in areas where most parents prefer sending their kids to private schools.Lease the same school to a private management or individual.
5) Parents paying for their kid's education beyond highschool should get a tax rebate equal to 50% of the money they pay in tution.

Energy
No group,individual or government should decide what is the best form of renewable energy.Let the market decide the best form of renewable energy and the extent it can be used.Government at best can only a "one size fits all" solution and this "good for none"

1) For all buildings that reduce thier energy consumption compared to last year,their respective owners should get a tax rebate equal 75% of the value of energy consumption that was reduced.
2) For all home owners who reduce thier energy consumption compared to last year,should get a tax rebate equal 75% of the value of energy consumption that was reduced.
3) Eliminate the base charge which most utility companies charge.Consumers should pay only for what they use.

Gas
1) Decrease sales tax for all category of vehicles that have exceptional milege
2) Promote Ride sharing,carpooling between people.People are meant to be social beings, let them be.Make every bus stop, parking lot of every state and federal government buildings to be carpool points.
3)Mandate tourist,entertainment places,shopping centers,schools and colleges to allot the most convenient parking spots for carpool and ride share users.

New Taxes
1) Increase taxes on liquor,cigarettes,cigar and the like by 10% every year.
2) Quadruple fines on DUI.Sentence the convict to prison only when he is not able to pay the fine.
3) For Prostitution and related crimes quadruple the fines and decrease their sentence in prison
4) For vehicles below a certain milege and not used for any commercial purpose increase the sales tax.
5) Increase the fee for alcohol license for all business.
6) Use of cash should be prohibited in any Strip club.Every dollar spent in strip club should be subject to 20% sales tax to start with and then increased to 40% in a period of 4 years(5% increase every year).

- by Mahesh Rajannan