By GEORGE SOROS
The Obama administration should come out of the gate with a comprehensive
economic program that has two pillars in addition to a fiscal stimulus
package. One would prevent housing prices from overshooting on the downside
by making mortgages cheaper and more available and reducing foreclosures to
a minimum; the other would enable banks to resume lending by adequately
recapitalizing them. It would take several months to implement the program
and a further period before it impacts t
