She sets her argument on three fundamental premises:
- Obama does not have the debt capacity that FDR had to invoke Keynesian principles
- FDR had excess manufacturing capacity left over from WWII
- FDR did not have two ongoing wars draining national resources
It is a very interesting read with some good background research and references. Her bottomline:
The only real solution is so politically difficult that no elected official will ever suggest it: Take the hit.
Give it a read. I think you will enjoy it.