"This Is a Business-Led Recession"

So says the head of the National Association of Manufacturers. How to end it? We need the stimulus package

Arthur D. "Don" Wainwright, chairman and CEO of Wainwright Industries, was recently elected chairman of the Washington-based National Association of Manufacturers (NAM). Wainwright's 53-year-old, family-owned company, based in St. Peters, Mo., produces metal parts and products for automotive, aerospace, home-security, and computer companies. On Dec. 11, he sat down with BusinessWeek editors and reporters in Washington to discuss the state of the economy, NAM's national agenda, and his business. Following are edited excerpts from the discussion:

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