I think that rescessions can be self fullfilling Prophecies.
Both the Media and Bush trumpeted the coming of 2 consecutive quarters of negative growth well in advance.
As you know the Stock market is driven by expectation. So is the economy in the form of consumer confidence. Both are affected by prediction.
Somehow we have managed to spend our way towards ending this downturn.
Currently I don't believe in tax cuts. The Country has become accustomed to the current rates. It might be naive but why not just whittle away at the national debt? (BTW who owns that debt?)
The effects of the tax cut as a economic stimulus are questionable. Worse case, the effects of the recession not ending before Bush has to raise taxes are obvious.
Opinion only
Rob