Obama's 'Newer Deal' likely to prolong recession

Casey Research has analyzed key differences between the New Deal and the Obama "Newer Deal" plan.

In 1933, the federal debt was $360 billion in 2008 dollars and 40% of the GDP, the firm says. In 2008, the federal debt was just under $11 trillion and 70% of the GDP, according to Casey Research.

The government is likely to add $3 trillion to the national debt in 2009 alone, the firm says.

Before jumping into another "bailout," Congress needs to take a sober look at Obama's plan for more government spending.

Obama's 'Newer Deal' Likely to Raise Deficit