One item is missed. The cost of US labor is too high to compete..and all the debts (personal, federal etc) are killing the economy. There never be any real positive change in the economy until US dollar devalues several times. Illness has gone too far to treat it only by creation of new bubbles, further debt accumulation and expenditures cuts.

Shockingly deceptive to offer the 6 "cures" that would kill the patient. It boggles the mind that anyone could list the disasters the economy is facing, and then suggest that we do 6 things to destroy it beyond repair. Reduce interest on bank deposits?? So then no bank desposits, no money to lend, and a stagnant economy. Implement governement take over of the medical/insurance industry?? After 6 decades of communist/socialist failures and destruction of life around the world you want to follow that failed example? Barak Hussein Obama should be impeached for treason, and this kind of attack on free enterprise and our republican form of governement should be punished with imprisonment.

I agree with Icarus1 and Economy Expert Manager.

Cure 1: Where in his descriptions of the economic problems that we face did he identify health care as one of them? But, he sure identified the federal deficit blow-out! Socialized medicine will only increase the federal financial mess.

Cure 2: How exactly are exported $'s to be reclaimed? If people won't bring them back voluntarily because we have a lousy investment environment, does he propose the use of force?

Cure 3: How is renewable energy development to be induced? By force? That should attract more productive people!

Cure 4: How can you reduce deposit interest rates below a fraction of 1%? Steal money from each account once a month?

Cure 5: There's no connection between visa expansion and anything.

Cure 6: Tax reform. Instead of allowing people to keep more of what they produce, he wants the government to bribe people to do specific things via the tax code.

Cure 3 - How should renewable energy development be induced? By subsidizing installation at the domestic level and specifying US manufactured items. Get some real economy of scale going for PV etc.

The most important CURE: Cut the huge defence spending! America can't afford more wars!

Step 6. Tax reform. That's the last thing we need. If ever there was a definition of 'Forest for the Trees' then this is it. With over 16,000+ changes to the existing tax code in just the last 25 or so years, it's easy to see that taxation is broken too. Better to switch to FairTax (H.R. 25) so that US companies have a financial reason to keep US citizens employed, eliminates corporate and payroll taxes thus reducing the labor cost component, and put control of US affairs back to the people; a government of the People, by the People and for the People.

Incredible, this sounds like it came from the Obama press manual. The last thing we need is more debt from a health care debacle. What we really need is a new industry based on green materials and technologies like green cars and houses. This would jump start manufacturing and help to eliminate the toxic pollutants we are burning everyday in record quantities.
We also need to start buying American made products while their still is an America.