Listening to Obama speak about the need to do something right now, it's easy to imagine just enough Republicans getting sucked in to officially get "New Deal 2: Electric Boogaloo" green-lit.
I don't ever remember my unionized teachers mentioning the 20% unemployment rate in 1938-- six years after FDR took office and years into his version of stimulus.
That's not to say that Obama's actions won't eventually solve this. Remember that it took a World War to get us out of FDR's version of a Depression. Given our dear leader's apparent reliance on the "I'd like to buy the world a Coke" version of the Can't We All Just Get Along school of diplomacy, it's not outrageous to think that history could repeat itself down the road.