RECESSION, CREDIT CRISIS, OR SOCIAL ENGINEERING?

If you look at the many empirical economic studies of the Great Depression, one reoccurring finding is that tax increases during the Depression reversed/dampened any positive effects of Keynesian Deficit Government Spending. Its clear in the Theory of Keynesian Deficit Government Spending, that the spending is intended to be temporary until the Private Sector rebounds. The Private Sector needs Private Capital Formation to rebound.