Does the Government Have a Long-term Strategy to Get the Economy Back on Track?

The Federal Reserve yesterday announced that it would lower the interest rate for federal funds to nearly zero, an all-time low. President-elect Obama said he wasn't going "to second-guess the Fed, which is an independent body," but called on all branches of the government to combat the recession. Does the government have a long-term strategy to get the economy back on track? Or have President Bush and the incoming Obama administration left the bulk of these efforts to the Federal Reserve? Post your thoughts.

Previously: Is Caroline Kennedy Qualified to Serve in the Senate?