Brace for More of the Same in 2009, Experts Warn

Confidence Is Key
Echoing Zandi, Ullman said a new stimulus package has to take the consumer's point of view into consideration, noting the stimulus has to be big enough and sustainable to help consumers quickly gain back confidence in the economy.

“The U.S. has a one-time shot to lead the global economy's resurgence,” he said, adding that it needs to happen within the first 100 days of President Barack Obama's administration.