Amen: "So count this as one more scream out to the Administration that they had better get off their asses and stimulate the economy. As I have said before, they get lots of credit for avoiding the disaster that loomed last Fall. But I can't help but think that merely avoiding disaster isnt going to do the trick when campaigning for reelection next year. 'Things could be much worse' lacks a certain something as a campaign slogan."
Eichengreen and O'Rourke show that fiscal policy is expansionary under "liquidity trap" conditions (such as now).
The words that come to mind are "don't let the door hit you on the way out."