A prominent conservative business man in OKC sent a diatribe about how the economy has shrunk on a percentage basis less than the depression's economy shrank and yet the amount of spending has dwarfed that directed at the depression on a percentage of the GNP basis ... or, in other words "Obama is spending much more than he should!"
Very interesting – and seems to prove the notion that if not for President Obama's aggressive, vigorous and dynamic attack on this economic problem, you and I might already be on the soup line!
In all seriousness, it does seem a little counter intuitive to say that the cure was an overkill to the problem. When the world money system shut down on Sept. 15, 2008, where were these chaps? On an island in Tahiti? Faced with a world-wide monetary collapse, forget about relative comparisons of our complicated globally dependent economy to one 70 years earlier. I am thinking it was hard to overreact.
What they see as a crazed African American socialist giving away the treasury to his constituency, I see as the arrival (finally) in Washington of a real leader. Cheers.