"Many economists are calling for another fiscal stimulus package.";And At Least One Idiot Blogger

Greg Mankiw on the horns of the stimulus dilemma. He decides to ride them both ( Watch out Greg, that could hurt ):

"If there is going to be another fiscal stimulus, there will likely be a division between those who want tax rebates to households and those who want to help states pay for extra infrastructure spending. I have a compromise, based on the grand U.S. tradition of federalism: Let each state decide."

He always comes up with reasonable solutions, but note:

"Marty thinks the tax rebates earlier this year did not do much to stimulate consumer spending. I think Marty is too quick in reaching this conclusion: Other scholars who have seriously analyzed the data disagree.'

I simply think that we've already done what he asks, give tax rebates. Now we should try an infrastructure stimulus. Please don't hold me to its effectiveness as a stimulus. It just seems the best choice. Once again, I would target the stimulus to regions of high unemployment.