Financial trouble

It looks to me like President FD Roosevelt created the New Deal to help the US out of severe economic trouble. He gave paid work to poor people, thereby improving the environment and, more importantly, putting money in the pockets of the poor. This eventually worked and a few years later the US became the world’s richest nation by far.

Rabid journalists are claiming the present economic crisis is as bad as the Great Depression. I don’t know if they are correct but personally suspect and hope not.

President Bush confronted with this downturn, however bad it turns out to be, seems to be giving vast amounts of money to the incredibly rich bankers and financiers who caused the problem in the first place.

Am I correct in this assumption or am I missing something?

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