sorry, there's PLENTY he could be doing but isn't. he's CHOOSING to maintain this monetary system dominated political world. we were in an awesome position last year to wipe out wall street and rebuild the physical economy with government credit. instead, we choose to give wall street $23.5 trillion (near 0% interest loans for derivatives, federal guarantees, and various bailout programs like TARP, AIG, etc.). imagine what $23.5 trillion could do for the world. can you imagine a global maglev network powered by 4th generation nuclear power? i can... how about a fantastic space program, an industrialized moon, and a real fusion research program? i can imagine that too. there's a wealth of he3 on the moon and if obama was serious about "going green" and being "energy independent" he wouldn't kill constellation, he'd expand it!
we could have expanded the social safety nets, greatly increased benefits to social security recipients, passed an expanded medicare for all, greatly improved the quality of life of everyone here, and approached 0% unemployment with wiser use of money creation and loans. they instead choose to prop up the bubble. if the boomer's stock portfolios got wiped out, well that sucks, but that's why we would have improved the safety nets so everyone would have a guaranteed OK life, as galbraith had suggested. white middle class suburbia would be angry, but the real losers would just be high finance, the bankers, and the oligarchy. to hell with them, i want to live in a modern world... and the way we'll get there is thru a massive credit outpouring into physical infrastructure, not financing vampire traders on wall street.