We don't know what he will do as in 1933 people had no idea what FDR would do.

As Krugman has pointed out, a stimulus package will have little affect. If the US remains in Afghanistan or Iraq, the Mid-East crisis will escalate and the economic short-fall to support these incursions may bankrupt the country.

What Obama needs to do is boost trade unionism, put money into infrastructure (which could create "green" jobs), help to enforce the raising of tariffs (yes, protectionism) to support American workers and discourage off-shore corporate movement, put money into education and suggest policies that encourage learning rather than testing, divert funds from the military to peacetime public works as FDR did with the WPA, and encourage service like Americorps or the Peace Corps as an alternative to non-productive military tours of duty.

Frank