If actions taken by the administration for Congress and the Federal Reserve are successful in restoring some measure of financial stability, and only if that's the case, in my view, there's a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.
Fed Chairman Ben Bernanke discusses the potential for recovery if government actions are successful.
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We can't defund the police. We need police, but there are concerns about police community relations and police behavior.
As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.
Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.
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