With passage of the $410 billion "omnibus" spending bill coming hard on the heels of the $787 billion stimulus package and the $700 billion bailout of the financial sector along with the prospect of more bailouts, rescues, buy-ins and stimuli to come, it may be too late for Congress to consider the wisdom of Field Marshal Edmund Allenby in David Lean's epic, Lawrence of Arabia:Colonel Brighton: Look, sir, we can't just do nothing.General Allenby:  Why not? It's usually best.In some of the sticky wickets life throws at you, it is indeed best to "do nothing", just as the good field marshal said. The best scenario for handling the recession would be that Congress would "do nothing" and the economy would correct itself.Some may think the "do nothing" plan of action unlikely to deliver us from the jaws of this recession. But of all the possible scenarios, surely the worst is: Congress throws trillions of dollars at the recession, but it serves...(Read Full Article)