Balance of Payments (National Journal's CongressDaily, subscription only)

Recession is looming, but, for once, President Bush and congressional leaders are moving in the same direction and have adopted the mantra that a stimulus should be timely, targeted and temporary.

But, warns Sherle R. Schwenninger, head of the economic growth program at the Washington-based New America Foundation, "if you attempt to counter the downturn with just more supply-side and demand-side initiatives, all you will get is just another bubble. You need structural change." ...