Ways out of the recession

From smarter minds than mine:

No Quick Fix to Downturn

Peter S. Goodman and Floyd Norris

The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.

Stimulate the Economy, Don't Play Politics With It

Steven Pearlstein

Look, folks, this ought to be an easy one. Almost everyone agrees that recession is likely and a modest amount of fiscal stimulus could provide an economic cushion. It won't prevent a recession, but fiscal stimulus could be an insurance policy against the economy spiraling out of control. And it could take some of the pressure off the Federal Reserve to lower interest rates, which could stoke inflation, prompt a run on the dollar and reinflate the credit bubble that got us into this mess.

And, of course, vote the bums out!