The flood called recession needs a flood-control solution

We are hearing of a large number of stimulus packages being put forth by the big economies, but all are losing some important issues.

The economic downturn has come like a massive flood which has breached embankments and flooded the entire area around a river. Handle it like that.

• First, let there be a high level of coordination among as many countries as possible. You cannot insulate one house against the flood; you must have a wide-area approach. No protectionism among nations and among provinces within federations.
  
• Put all efforts in concert; don’t save for future. First be convinced about the right approach [pumping money for spending/ stimulating core sectors/ etc], and once you have found one, go whole-hog. In a flood, putting a few sand bags here and there or making an embankment here and one there results in the river washing them all.
  
• Let there be more and more resources from safe areas. Find which areas are safe and will not submerge when soil is taken out of them to plug the leak. Transfer resources from these sectors. Also transfer resources locked in black money.
  
• Let the breach be diverted to wasteland. In case of flood, if the waters are flooding crops and habitations and the breach in the river cannot be plugged, it is prudent to cut the other embankment of the river which will divert waters to the wasteland. So, pay attention to ways by which the tide of recession can be diverted to harmful sectors such as drug trade, speculation, gambling, etc. 
  
• In wide-spread floods, it is advisable to find some unaffected highland, and start flood-control, rescue and rehabilitation work from there. Find such anchoring sectors and recession-proof them and their related sectors, rather than trying to support the sectors deep into flood/recession.