I honestly don't know. But one economics professor takes strong exception to Obama. Bradley Schiller contends Obama's Rhetoric is the Real Catastrophy." (HT: Drudge)
President Barack Obama has turned fearmongering into an art form. He
has repeatedly raised the specter of another Great Depression. First,
he did so to win votes in the November election. He has done so again
recently to sway congressional votes for his stimulus package. . .
This fearmongering may be good politics, but it is bad history and bad economics. It is bad history because our current economic woes don't come close to those of the 1930s. At worst, a comparison to the 1981-82 recession might be appropriate. . . [more . . .]