This summarizes the consensus I’ve been reading on the other blogs and news sources I read as to what would constitute a good stimulus package. The general prediction, though, is that this President combined with this Congress won’t do it, since checks sound great to people.

For more, check out Kevin Drum’s ideas plus a very interesting comment thread (that degenerates into flame war… sigh) at the Volokh Consipiracy.

My one thought about the idea of focusing on public works projects to stimulate the economy is that it’s success hinges directly on how many people were using equity in their homes to sustain consumption. If it’s a big number, what amount of infrastructure spending would be needed to be effective? I suspect it’s “too big” considering our deficit and other spending.