we are so screwed (still)

Why does a “global new deal” just not sound like something anyone with conservatve/independent/libertarian/capitalist/small-government leanings would be at all interested in?

Gordon Brown hopes to forge a partnership with President Barack Obama in Washington this week, to call for a “global new deal” to lift the world out of recession.

…

The prime minister will borrow from the rhetoric of Franklin Roosevelt, who introduced the government-financed New Deal to tackle the US Depression of the 1930s. He will argue that his 21st century “global new deal” will also require public spending on a huge world-wide scale.

Writing in The Sunday Times today, Brown calls for “universal action to prevent the crisis spreading, to stimulate the global economy and to help reduce the severity and length of the global recession”.

Oh right.
So Prime Minister Brown is proposing that we take this graph:

… and apply it to the world-wide market?
Why does this seem like a horrible idea?
Throw in the fact that our supposedly “stimulated” Wall Street just dove beneath 7000 for the first time in 11 years, and it suddenly seems liek a horrific idea.
Finally, add in the simple truth that the original New Deal actually prolonged the Depression, and you have to seriously wonder if weed has finally been legalized in the country where Great Britain used to be.
I keep saying that the next four years are going to be long ones, and I stand by those comments. But more importantly, and more concerning, is that everyone seems to be trying their damnest to ensure this current financial situation is going to outlast those four years… and that is a scary thought indeed.
Hat tip to Conservative Scalawag.