If more people were paying even a modicum of attention to the past, the economic debate in the 2012 presidential campaign wouldn't be between one political party beholden to big money that dreamily depicts investment bankers and oligarchs as jobs creators, and another political party, also beholden to big money, that wants applause for fixing the problem. If more people remembered which policies worked and which failed during the Depression then the jobs debate in this election wouldn't be about austerity and deficits, it would be about stimulating short-term demand and making long-term investments in education, research and infrastructure.
Team Obama Re-Elect has been having a difficult time courting big Wall Street donors this election cycle, mainly because President Barack Obama has, at times, intimated that the wreck of the global economy may have had something to do with some sort of widespread misrule among members of the financial industry. Meanwhile, corporate America has been posting record profits, the the Dow Jones Industrial Average is (perhaps ominously) back to its pre-recession levels, and, of course, no one has actually been punished for that time the global economy nearly died in a ditch. But gads! The whining! It remains. So what's Obama to do?