Honestly though, if you ask me, the best way to create jobs?
Let people get used to the economic reality of the situation.
No tax cuts that will later have to be raised, no stimulus spending, buying things that companies KNOW there won't be jobs after since it's all just government money.
Consumer spending will go up for good once people realize paradoxically that this is as good as it's going to get so saving up and penny pinching will only lead to a life of personal austerity... versus now where most people are just holding on, waiting for the US government to bail us out.
Investors will, eventually invest, because they want to make money and the US still has a lot going for it investments wise... otherwise they're just sitting on money that isn't doing anything.
Businesses will hire, because they'll want to expand, rather then play wait and see to see how new healthcare laws, tax laws or regulations will effect them afraid they'll have to cut those workers and lose the investment they paid a down payment for.
Then the economy will grow, and things will get better... but for real this time.
By the way for those to mention hoover.
It's worth noting that Hoover increased government spending by 15% under his presidency.
When compared to spending vs GDP this was by 7% Which was a 70% increase from the 10% it was previously.
He actually did a lot... and more then any other president. It just seems like he did nothing compared to the massive amount of cash Roosevelt spent.
On his way out Hoover said "Some of the reactionary economists urged that we should allow the liquidation to take its course until we had found bottom…. We determined that we would not follow the advice of the bitter-end liquidationists and see the whole body of debtors of the United States brought to bankruptcy and the savings of our people brought to destruction."
