In response to the global recession, President Obama should:
Provide support to industries deemed critically important through government bailouts (Industrial Policy)
Dictate lending terms and credit availability to ensure consumers have cheap and abundant credit
Provide tax credits or deductions to induce economic activity (purchases of new cars, houses, electronics, etc)
Set tax policy to favor chosen industries while punishing others (polluters, energy intensive industries, etc)
Let free markets and competition determine the most efficient allocation of resources
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