Why the recession is not gonna be over anytime soon

[NJ5]

Avinash_Tyagi said:

There are also distinctions between this recession and the Great Depression, this recession has much less unemployment, the financial industry isn't in as much chaos, industrial production isn't as far down, basically recovery is going to be much easier in this recession than in the Great Depression, also that advanced technology, was on the basis of government research and government contracts into new technologies.  So yeah there are differences, there are differences on both sides of the coin, but it still doesn't change the point that its not a working out of the debt that is going to recover the economy, it'll be government expenditures.

The recession isn't over, so you can't outright say we'll see less unemployment than before. Even in the Great Depression, things didn't crash overnight.

We're talking about trillions of dollars in excessive debt, and you think all will be fixed by government expenditures in the order of hundreds of billions, many of which are being used to fix existing state and municipal deficits?