Papa Scooterbug has opined that the only part of the whole stimulus boondoggle that has done anything is road construction projects. He sees people working and he sees potholes and bad roads being fixed.
We need more projects like that - where Joe and Joan Q. Public have jobs as a direct result - not trickle down crap where it gets siphoned off by corporations.
I think a revival of the CCC would be a good way to go, and they should work on urban projects, schools, playgrounds, landscaping, green infrastructure etc.
And as far as real estate, I think banks need a good kick in the arse to expedite loan modifications, but that overall the less interference from the government the better. That is the only way it is going to sort itself IMO.