Oh, they did do the whole spending part of the Keynesian "strategy", it's just that if they now raise rates too high there will be bankruptcies across the board

Oh, they did do the whole spending part of the Keynesian "strategy", it's just that if they now raise rates too high there will be bankruptcies across the board, causing another crisis. Keynesianism just doesn't work exactly because no politician ever finds themselves in a position where they can apply the savings side of it.