Worst crisis ever?

The 1920s bust was actually worse than the 2000 dot-com bust. In 1920 unemployment jumped from 4 percent to nearly 12 percent and GNP declined 17 percent; however

1. there was no fiscal stimulus,
2. the budget was cut nearly in half and the national debt was cut by one-third,
3. tax rates were significantly decreased for all groups, and
4. the Federal Reserve did next to nothing.

As a consequence, by 1922 unemployment was down to just under 7 percent and declined to 2.4 percent in 1923. (#)

There you have it. How does a politician fix a crisis? Answer: Do nothing (except cut the government budget and lower taxes).