The only solution of US recession is a drastic increase of taxes on the wealthier part of the population. Taxes on top incomes have not been as low as they are today since Great Depression (about 25?It took increasing taxes to about 77?n incomes above $ 200 000 to bring the economy back to health after the Great Depression, but we did not learn the lesson. Taxes were cut by Regan, and then by Bush to unreasonably low levels, and it made governments and people get into debts and ruined economy over time. Income redistribution is essential for healthy economic growth.
Of course fixing the county's political and value system is needed too. First of all it is the government who has to rule the corporations and private capital, and not the other way around. Second, they should really do what they write on their dollar bills "In God we trust", not "In $ we trust". Which means lending and borrowing needs to be restricted to very limited situations and people who need to get financial assistance, such as children, students or retiries should get help without lending and borrowing. Currently US is in need
for some urgent debt relief measures, as the economy has got tangled in too much debt and became disfunctional.
Really Ed Smurf? So you are saying we need another world war to end the recession? Well first of all this is no longer an option, because WWIII will be the last one. Secondly it is not the war per se, but increased taxes, government spending, created jobs and increased production during the war that got the economy out of the Great Depression in the early forties. We do not rally need another war to start doing the right things. Finally if you really believe that the war and not taxes saved US economy, then how do you explain that economy did not just fall back into recession right after the war? In case you would have difficulties finding the resons, just look at this graph; http://en.m.wikipedia.org/wiki/File:Chart_1.png
It is because taxes stayed high even after the war.
Finally, anyone who want to work should be given opportunities to work, and if private sector can not do it, then public sector needs to step in. I am sure there are plenty of things that need to be done. There is nothing good about making young and capable people seat idly on Wall Street.