Tax the super-wealthy at rates higher than 50%, give massive subsidies to manufacturing and focus on exporting to Europe (to take advantage of their failing manufacturing base outside of Germany), raise import tariffs on chinese goods over time, naturalize and give amnesty to as many undocumented immigrants as possible so they can start paying taxes and so businesses can stop using them to cheat the system. Make it a national priority to get a higher education and/or trade/vocational education to everyone who wants it. Give it ten or fifteen years of dedicated support from both sides of the aisle (since constant economic policy changes do more harm than anything else). Economy fixed for the foreseeable future.
Oh, and legalize pot. That's a gold-mine waiting to be exploited.

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