Wouldn't oversight of the bailout be a good way to create jobs?

It would be a good way to create jobs, and to put a little pressure on the people responsible for this mess as well.

However, this oversight is not happening, which by now should be quite predictable.

http://www.washingtonpost.com/wp-dyn/content/story/2008/12/02/ST2008120202264.html

Maybe one of the reasons regulators failed in many aspects is that there weren't enough regulators to go around.

This is what Obama needs to do:
1. Immediately fill oversight posts that are vacant already
2. Create new agencies dedicated to this bailout and any future bailouts (Agencies need buildings, which will create jobs by itself)
3. Create a large volume of regulator jobs that have lots of teeth, we need to get people in those corporate offices making sure bailout money isn't being spent on lavish parties, private jets, and executive bonuses

My electrician who just got laid off?
The stock clerk from Publix who is out of work now?

Oversight on the "bailouts" should be made up of Bankruptcy lawyers/judges and important chair's from related committees.

Not really the 'job growth engine' line of work.

then you are essentially advocating mass bureaucracy. The positions actually needed to do this are so little that it shouldn't be seen in the overall realm of creating jobs.