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I could solve the problem with two words, "less government." By that I am not referring to the republican's use of "less government" which for them are just political buzz words they like to slide into campaign adds and speeches just to get elected, but real pull backs of all facets of it. Not just entitlements, but military (especially military), education, public sector services of all kinds, and everything else gov based that you can think of.

Job creation requires business expansion and investment, and that is the last thing any sensible business would want to do right now. Fear is ubiquitous in today's climate, and that is precisely why companies are holding on to cash, laying off employees (health care reform is making this a very good idea now), and not even considering expansion. They all want to hold on to what they have because of a justified fear of the future economic situation of this country which will only get worse so long as the beurocrats in D.C. continue to gain control over more and more of an economy that they are both incompetent to run (I doubt most of these people ever had so much as a part time job before they were whisked away to Yale or wherever) and have no business "running" in the first place.

I think this Obama supporter with way more credentials than me says it best though: http://www.politico.com/news/stories/0711/59333.html

And for anyone that thinks public sector jobs are the answer to all of this ... Greece says "hi."