actions not been taken, the economy would have been in a second depression. greta: the depression was a much different economy in the 30s than it is now. while the depression is instructive, it is not definitive in how we should respond. in both cases you had recessions aggravated by a financial collapse. greta: but different economies. we had a much different economy, much more we have more of a service industry economy than in the 30s. not all the answers that were effective for one economy, 70, 80 years ago is effective now. what we should all agree is number one, we need to quickly get the economy back in full gear. number two, we need to reduce the deficit. we just need to do it in a way that doesn t hurt economic growth and jobs. even the fiscal commission that was charged with reducing