I've been holding up Iceland (and Germany) as two countries who did it right in handling the economic meltdown of 2008-09. Here's Iceland's president explaining what they did and how it worked:
Our "economic experts" -- at least the ones that get listened to in Washington -- keep recommending the strategies that led to Greece and may cause the Eurozone to collapse.
If it weren't so damned cold and dark for so much of the year, I'd move the Iceland -- it's soon going to be the only place you can get a job, besides China. And I hear jobs in China don't pay so well.