There will be a lot more discussion of this in the next few weeks, but here's a start. From the NY Times:
Senator Hillary Rodham Clinton of New York has proposed $70 billion in emergency spending programs, with an additional $40 billion in tax rebates if the economy worsens. Senator Barack Obama of Illinois has a $75 billion plan based largely on immediate tax rebates of $250 to most workers to encourage consumer spending.
...
The Republican presidential candidates have been more skeptical about short-term stimulus measures than President Bush has been. Mr. Bush signaled last week that he would propose a package of measures, probably dominated by tax cuts, in his State of the Union address on Jan. 28.
The debate among candidates about stimulus measures is largely academic, because economic conditions are almost sure to be entirely different by the time a new president takes office a little more than a year from now.
You would be seeing those rebate checks in the summer of 2009 at the earliest, just like we got Bush's rebate checks in the summer of 2001. Depending on how things go this year, the timing might not be as fortuitous. I would be interested in hearing what my readers think about various plans floated by the candidates.
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