Surely, this is satire. The idea that a state run University would publish is beyond comprehension.
Really good satire has a number of elements, and even logical conclusions, close enough to the truth, that in some light, it is indistinguishable from actuality.
Perhaps some of the conclusions were overdrawn, but considering that the US industrial base did not get moving again until we began ramping up for war production, first as major supplier to Great Britain, then as Lend-Lease to the Soviet Union (for which we were never reimbursed, by the way), the effects of the Great Depression would have continued for far longer than the 1940’s. Only when most of the “New Deal” was dismantled starting in 1946 through the 1950’s, did the nation blossom again. The strictures of the New Deal were highly suited for a managed economy in wartime, but they are useless in a nation at relative peace.
Finally the truth comes out.
FDR’s policies turned what would of been a deep recession into the depression.
And if he isn’t stoppped Obama might just do the same.