Obama is right and we need a stimulus badly.
The best one would be the overdue correction of the minimum wage. It was set at $7.50 years ago, and inflation has made it too los to keep a small family out of serious debt. Push it up to $10 per hour: consumer demand, Federal and state tax income, and employment will rise fast. Of course, the people who plot to make Obama and the country fail will scream bloody murder—just like they have at every single mimum wage increase in history—but history confirms their dire predictions never come true.