FAREED ZAKARIA AT CNN

Ok now I was watching this lovely show on CNN.Most of you might have heard of it.The 'FAREED ZAKARIA GPS' .Today an interesting topic was on air 'The global recession'.Two prominent economist had been called namely 'Paul Krugman'(yes,the nobel prize winner) and John Taylor (economist at Stanford univesity).While both of them agreed that it was too early to declare that recession was over as though there were some signs of recovery (like banks were getting some credit ) but there were some bad signs and even some signs that showed worsening economic conditions(e.g. unempoyment rate ).They had differing opinions on other matters.While Taylor(if I can trust my memory) was in favour of taxes to finance deficit but Krugman was not.Krugman also believed that what Obama was doing right now was right while they both said that it was not enough and the repurcussions viz the 1.2 trillion deficit in 10 years are considerable.Interest rates were talked about ,Krugman explained that the surge at the end of last week was due to market optimism than anything else and it was upsetting to see the market go down.BUT it was clear that both econnomist were not promising anything about when the recession will end
PS: As I have to rely on my memory,please forgive any misquotation which is purely accidental.However the next time I plan to write the pertinent points down to make it less problematic and PLEASE forgive my typos as I assure you my english is much better than what i type over here.