Robert Lucas On Why The Recession Is Lasting So Long

See The U.S. Recession of 2007-201? He shows alot of interesting slides. Here is something from near the end:

"Believe it is more accurate to say that the problem is government is
doing too much

• Again, I see analogies to the U.S. of the 1930s
• Likelihood of much higher taxes, focused on the “rich”
• Medical legislation that promises large increase in role of government
• Financial legislation that assigns vast, poorly-defined responsibilities to Fed, others
• Are these conditions that foster a revival in business investment, consumer spending?"