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Let's SPEND our way forward, I say, to repudiate the pundits, politicians and public policy "experts" who proclaim an economic recession to be inevitable and unavoidable.

Yes, you read that right. Let's spend. And spend. And spend!

The Federal Reserve's repeated rate cuts in the prime lending rate of late is a great thing, and suggests to my mind that it's high time we look on such interventionist actions as reasons to actually spend MORE in the fundamentally important ways that matter when the politicians, public policy and economic reform punditsplus the plethora of radio and TV talking heads, show hosts and such proclaim a looming economic recession or downturnhowever cleverly worded and positioned with euphemisms, double-speak and gobbledygook.

You see, if you examine the Fed's rate cuts solely on the basis of what they representthe presence of economic ills that demand government intervention to the extent that it's necessary to make mid-course adjustments, jump-start and otherwise apply measures with a gentle hand in ways that restore economic health and vibrancy to the economy without over-extended micromanagement and counterproductive manipulation.

There's absolutely no question that such intervention on the part of the Fed points to fundamental economic problems. A rate cutor conversely, an increaseat once indicates major macroeconomic flaws in the nation's web of wondrously complex and intricately interwoven marketplace transactions and money-rooted activities, be it trading and share prices on Wall Street, pork belly prices and commodities futures trading in Chicago, or the overall general financial health of specific financial enterprises, corporate businesses and other interestspublic and privatelinked into the multi-dimensional and globally-wired matrix of money market and credit/debt-based transactional relationships.

If we can accept as a premise that ALL Fed interventionbe it a rate cut, rate increase, or perhaps a decision to refrain from a rate change at allis predicated on the fact that there are some fundamentally serious econometric issues that need to be addressed, and which by their very nature are greater than the sum parts of individual marketplace players to intervene, remedy or otherwise repair and adjust themselves. It's noble of Wal-mart, for example, to announce its intent as an individual company and responsible corporate citizen to step up to the plate, walk the talk of its CSR commitment, and strive for whatever motive to do its

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