Read this speech https://obamawhitehouse.archives.gov/the-press-office/2011/12/06/remarks-president-economy-osawatomie-kansas
Obama practically gives Sorkin's 1929 as a speech in 2011. But then way down deep in the speech there is:
It will require parents to get more involved in their children’s education. It will require students to study harder. (Applause.) It will require some workers to start studying all over again. It will require greater responsibility from homeowners not to take out mortgages they can’t afford. They need to remember that if something seems too good to be true, it probably is.
It's always a one two punch with Obama. We are all New Dealers now and the new deal is that everyone both rich and poor do their part. Again from the speech:
I think about a company based in Warroad, Minnesota. It’s called Marvin Windows and Doors. During the recession, Marvin’s competitors closed dozens of plants, let hundreds of workers go. But Marvin’s did not lay off a single one of their 4,000 or so employees -- not one. In fact, they’ve only laid off workers once in over a hundred years. Mr. Marvin’s grandfather even kept his eight employees during the Great Depression.
Now, at Marvin’s when times get tough, the workers agree to give up some perks and some pay, and so do the owners. As one owner said, “You can’t grow if you’re cutting your lifeblood -- and that’s the skills and experience your workforce delivers.” (Applause.) For the CEO of Marvin’s, it’s about the community. He said, “These are people we went to school with. We go to church with them. We see them in the same restaurants. Indeed, a lot of us have married local girls and boys. We could be anywhere, but we are in Warroad.”
See he doesn't fully grasp the idea of structural economic problems. So when Marvin's eventually does do mass layoffs
https://straussborrelli.com/2025/11/05/marvin-warn-act-investigation/
it is in Obama's mind some personal failing and not the inevitable result of our economic system.
In his mind Sorkin's 1929 is not the same book you are reading. The book is facing a wall of rationalizations that allow Obama to promote it without grasping the implications.