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I don't know. All I know is, during the 30s when the banks failed, we went into a full-on depression that lasted for years. Hoover did nothing, and it got much worse. FDR did big stimulus projects, and it got better. Then when he stopped the stimulus, it got worse again, so he started it back up and got better again. Seems pretty logical to me to do the same thing again. But back then we didn't have 24 hour news cycles, and people didn't have the attention span of a gnat, so they allowed it time to work.
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