Option 2 had nothing to do with helping the economy. Option 1 and 2, if you note carefully, were put in place to protect employees. Because let's be honest, companies view their employees like a farmer views his cows. How much milk can they produce to line my pocket with green? And he doesn't care how hard they have to work, how much of their dreams or their family life they have to sacrifice to do it. Without someone to keep companies in check - whether that be unions or the government - we'd have repeats of our past (which I'd hoped we should have learned from by now) where the company sends a free turkey to a worker's family after the worker died in an accident or requires children to work 12-hour days. While it's good to labor for what you eat, humans are more than just companies' puppets. And many of them would like a happy balance between their work life dedicated to someone else's interests and their work life dedicated to the pursuit of their own hobbies and dreams.
But by all means, if you wish to work 2-3x as hard as us normal human beings in order to earn 2-3x as much, go for it. I just wouldn't advocate overtime to allow you to do so, because there are plenty of Americans out there who are seeking jobs like yours but can't find them because the companies already have "enough" employees to do the work (typically those that work so hard they hardly spend any time with their families, some of them having heart attacks from prolonged high blood pressure and dying).
And I noticed someone else said to tax overseas assets heavily. While this wouldn't work because the company would completely rebase itself overseas (i.e. become a foreign company - like Burger King when it became Canadian - instead of an overseas American one), they are on the right track. I would add that taxes on incoming foreign goods would be preferable while giving breaks to American companies. We need to offer them incentives for staying within the country, for staying American, and for hiring more employees.
Essentially what I'm saying is: companies are our friends. We need to help them, but we also need to be aware that they would abuse their workers at the drop of a hat if allowed, so we need to put some regulations in check to prevent this. One of these regulations should be on overtime. It doesn't have to be the example I gave, but if it encourages them to reduce the amount of workers who work overtime and hire on more employees to make up the remaining man-hours, then it would be a God-send.