Recession Imminent?

I recently read an article in The New York Times titled "A Long Story" by Paul Krugman. He basically is raising a warning flag that a recession is imminent and may last longer than any in the past 3 decades. He cites the housing market fallout and failing credit as indicators of its proximity and compares these trends to recessions in the past. He then critiques the current administration's "stimulus package" concluding its effects will be insufficient and short-lived. Before closing, he offers two conditions for the next administration to weaken or possibly thwart impending financial doom: First, understand there are other positive economic actions besides cutting taxes and second, be interested in economic policy. I thought the article more resembled a quick office chat than a New York Times editorial. The author thrusts a heated topic which has been widely discussed but only manages one citation and limited facts. The article seemed rife with conjecture and even the conditions he offered were plainly good common sense. He did not; however, miss a chance to criticize the Bush Administration which earns my seal of approval.