To counteract the coming recession (which some say we’re already in), Bush has decided to give away free money. Again.

“I believe we can come together on a growth package very quickly,” Bush said. “We need to. We need to get this deal done, and get it out and get money in the hands of our consumers and our small-business owners to help this economy.”

Democrats are divided on Bush’s stimulus package. Those on the campaign trail assailed Bush, while house democrats, with Pelosi in front, lined up to lick his boots.

On Wall Street, however, the president’s plan did little to assuage investors, who are increasingly fearful about the possibility of a recession amid a severe housing crunch, high energy prices and stagnant job growth. More bad news hit the corporate world yesterday, including an announcement by Sprint Nextel of Reston that it is cutting 4,000 jobs after numerous customer defections, and a decision by Fitch Ratings to downgrade the country’s second-largest bond insurer.