Monday, December 5, 2011

Compare and contrast President Obama's stimulus package and federal budget to the New Deal and the legislation?

Compare and contrast President Obama's stimulus package and federal budget to the New Deal and the legislation passed during Roosevelt's first 100 days. What lessons should we take from the Great Depression as we attempt today's economic recovery?|||the New Deal was an abysmal failure. almost all of today's economists agree that Franklin Roosevelt extended the Great Depression at least 7 years longer than it needed to last. the New Deal failed because it interfered with natural market forces that would've corrected themselves sooner than later. for example, for every government job that was created, more jobs were lost in the private sector, which were the only jobs that could've helped revive the economy.





today, Obama is taking us down the same path that Roosevelt took in 1933. also, for the record, FDR was not a good president. he was an aspiring dictator who ruled for longer than what was gentlemanly (4 terms) and tried to circumvent the Constitution by packing the Supreme Court with Democrats (1937 Judiciary Reorganization Bill). he was a communist sympathizer who cozied up with Stalin and allowed the Soviets to take East Berlin.|||The new deal would not work today and Obama got off to a bad start, I think he has realized his mistake though and may try to remedy the situation, of course we the tax payers will have to pay for his mistake and if jobs do not become available soon , it will all fall down amongst us.


Job creativity is what led us out of the great depression and people sacrificing everyday hoping for better times, people moved into together and did without the luxuries and kept expenses down to a minimum, we should learn from them and cut our energy costs and cut our expenses, buy only what you need ,avoid credit and debt do your own work and teach our kids the value of a dollar.


The govt is not our Savior for the last 12 years we have seen this, Obama may smarten up some and help but taxation at a higher rate will not help the people, and now banks will always want a hand out for their mistakes.|||No.|||All I can say.. Barry is no FDR.. or Lincoln or Kennedy for that matter... he is a loser.|||You have a choice here. You can copy the right-wing baloney from 'Fox' or you can go to the library and find several good books about the New Deal and do your own homework.





Here's a hint: our constitution and laws make it possible for rich people to cheat in order to get richer. Sometimes the government has to intervene in order to restore order.

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