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Everybody wants that 鈥淰鈥�-shaped recovery 鈥� the quick snapback that the President keeps talking about. But as I was watching a conference call with a group of economists Friday, I heard one of them say this:

“Well, I think we just went off the fiscal cliff. We鈥檙e in free fall.”

That is Mark Zandi, Chief Economist for . He says that because Congress has refused to bail out state budgets, and state and local governments will have to lay off another two million teachers, police, and firefighters over the next year.

And that will snuff out any 鈥淰鈥�-shaped recovery. Because those people buy stuff that supports a lot of small businesses.

Harvard Economist Jason Furman was also on the call 鈥� he says we made the very same mistake during the last recession:

“My estimates are just the state and local spending austerity by itself delayed recovery back three to four years later, just by … abnormally low state and local government spending.”

But the good news is 鈥� economists like Furman and Zandi are saying there鈥檚 a vaccine for that. It鈥檚 tested; it鈥檚 ready to go 鈥� it鈥檚 a single dose of $500 billion sent to state and local governments ASAP.

“I think every day we wait is another day we鈥檙e locking in a slower and more painful recovery 鈥� and it鈥檚 well past time.”

So there we are. Plus, flu season鈥檚 coming! Happy Monday.

Listen to Seattle鈥檚 Morning News weekday mornings from 5 鈥� 9 a.m. on 成人X站 Radio, 97.3 FM. Subscribe to the聽podcast here.