This made sense to me:
Guest Post: Underneath the Happy Talk, Is This As Bad as the Great Depression? So even though the government’s spending on the “war” on the economic crisis dwarfs the amount spent on the New Deal, our economy is still stuck in the mud.
Given that the government has done so much, but we are still mired in a situation which in many ways is comparable to the Great Depression, it is not a very radical statement to say that the government is doing the wrong things to address the downturn.
I hope that the economy recovers. But the above comparisons are worrisome, indeed.
The whole post is worth looking at.