If what is wanted is faster growth, than the government must drive it, either through cyclical or structural reform.
But is faster growth what is wanted or even needed right now? Arguably, we were in a period of unsustainable growth through much of the 90's and 00's fueled by an increase in private debt. It's one reason I'm skeptical of Fed's chosen plan for QE3. Even if successful in the short term, reinflating the housing bubble does not strike me as good long-term policy.
The principal forms of stimulus I favor are things such as infrastructure spending that needed to be done even before our economy went in the tank, but for me the stimulative effects are very much a secondary benefit.
