The President of the United States presides over a government that employs a huge number of people who write regulations that either slow down job creation or are actual job killers. In these times of high unemployment, the President could, by executive order, instruct these employees to use their existing discretion in favor of the interpretation that would save or create the most jobs.
There would be no need to wait for the Congress. There would be no need to spend the public’s money on this initiative. This executive order would be entirely ‘shovel ready’ and its impact on the deficit is overwhelmingly likely to be positive. So far as I know, President Obama has not signed such an order, nor has he given any evidence that he is even considering it.