POLITICAL FIXES FOR POLITICAL CAUSES OF RECESSION
There is still time to avoid a recession - a recession being technically defined as two quarters of negative economic growth. What needs to be done, and can be done in the next 60 days, follows.
First, it is important to realize the present economic slowdown was caused by a series of mistakes by the Federal Reserve, the Securities and Exchange Commission (SEC), the administration, and Congress.
Many of our government policymakers and politicians still insist it was the other guy's fault and pretend that taking money from one group of taxpayers and giving it to another (a k a, a "stimulus package") will somehow miraculously revive the economy.
The administration is guilty of having both proposed and acquiesced to spending that resulted in more costs than benefits to the economy, which has slowed growth. Even though those in the administration cannot suddenly reverse much of the wasteful spending on their own, they can do several things by presidential directive - Executive Orders issued by President Bush -- to make things better immediately.