Fiscal policy response to the Great Recession

The first fiscal budget proposed by President Obama was historic. The New York Times reported on Feb. 26, 2009: "Having inherited an economy in recession and reeling from interrelated credit and housing crises, Mr. Obama starts off from a stunning deficit for 2009 that is projected to reach $1.75 trillion when the fiscal year ends Sept. 30, or nearly four times last year's shortfall. That would represent 12.3 percent of the gross domestic product, a deficit level that is larger than any since the end of World War II." Was it a good policy to run a large fiscal deficit? (8 points)