Well, I have been shouting in Iceland if anyone would listen:

Tax Cut is better than Deficit Financing is better than Tax Increase for dealing with Recession and stimulate GDP growth. Of course what have the current Icelandic Government done? INCREASED TAXES! yes, folks go figure! Whats up with all these advisers? Don´t believe me read the note by Dr.Greg Mankiw the Harvard Economist who is talking about the same thing for the US economy here