http://www.youtube.com/watch?v=94lW6Y4tBXs

That gentleman was speaking to PM Tony Blair who was actually in the room.

Our politicians seem mealy-mouthed, indeed, by comparison. ( Maybe its just the British accent) Yet everything he says that pertains to the UK is equally true of the US.
"You can not borrow your way out of debt, or spend your way out of recession."

Maybe we should offer him a job as the spokesman for the opposition party here in the US. Where, O where, is Michael Steele?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Of course you can spend your way out of a recession. You can spend your way out of a full blown depression if you have sufficient money. Check out the history of the US.......around the time of WWII.......if you have any doubts about this.

(Applogies for the formatting)
If you want to consider this ending the depression, knock yourself out.

YearPopulation Labor Force Unemployed %
1929 88,010,000 49,440,000 1,550,000 3.14
1930 89,550,000 50,080,000 4,340,000 8.67
1931 90,710,000 50,680,000 8,020,000 15.82
1932 91,810,000 51,250,000 12,060,000 23.53
1933 92,950,000 51,840,000 12,830,000 24.75
1934 94,190,000 52,490,000 11,340,000 21.60
1935 95,460,000 53,140,000 10,610,000 19.97
1936 96,700,000 53,740,000 9,030,000 16.80
1937 97,870,000 54,320,000 7,700,000 14.18
1938 99,120,000 54,950,000 10,390,000 18.91
1939 100,360,000 55,600,000 9,480,000 17.05
1940 101,560,000 56,180,000 8,120,000 14.45
1941 102,700,000 57,530,000 5,560,000 9.66

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I'm sick of .sig files

Unemployement figures are subject to interpretation.
Unemployment (% labor force)
Year Lebergott Darby[61]
1933 24.9 20.6
1934 21.7 16.0
1935 20.1 14.2
1936 16.9 9.9
1937 14.3 9.1
1938 19.0 12.5
1939 17.2 11.3
1940 14.6 9.5
1941 9.9 8.0
1942 4.7 4.7
1943 1.9 1.9
1944 1.2 1.2
1945 1.9 1.9

Lebergott considered those working for the WPA to be unemployed, Darby considered them to be employed.

Yep, I'll consider that the end of the depression.......no doubt about it.

Listen to the beginning of the speech again. He was talking to Gordon Brown.