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It can't.  In order to grow the economy, the sum total of all products and services must increase.  In order to do that, you'd have to have more net energy to apply towards the production of said products and services.  Yes, we can certainly put everyone to work doing "make-work" jobs but the ultimate outcome will still be as unwelcome: less available per capita energy to consume.  No president can change the laws of physics.  About all we could possibly do now is to manage the descent but people really aren't going to like how.  It's just a damn shame that Congress is so loaded with lawyers.  It'd be a helluva' lot better if they employed lawyers but barred them from the jobs.