Today Is NOT Like The Great Depression

I just listened to a report on NPR that makes the excellent point that what is happening now is not likely AT ALL to devolve into something like the Great Depression. Then there was 25% unemployment, and 9000 bank closures. Today, as a result of the Great Depression we have learned how to handle economic crisis a lot better. In that time the government raised taxes, reducing the money supply and therefore economic activity. The relatively quick response of the government today is a result of learning from that crisis. Plus, today we also have New Deal institutions to help us out -- the FDIC, Social Security. It seems to me that if part of the current crisis is psychological, the financial media should bear some responsibility and not exaggerate the situation.