Sunday, January 25, 2009

Barrack Delano Obama

Obama tries to follow steps simialr to FDR's New Deal, to solve the economic crisis of today; but he should also learn from FDR's failures. As with most Presidents, both Obama and FDR asked for more power to help fix the Great Depression and the economic crisis.

Obama's stimulus package is said to help "create jobs and to get people working and to get the economy moving again." This is very similar to FDR's New Deal because it also helped create jobs using the WPA (Workers Progress Administration). But the New Deal was created as a long run project while 75% of the stimulus package's $825 billion will be spent in the first 18 months. Also, The New deal affected all aspects of our nation, while the Stimulus Package will create for our 7.2% unemployed Americans.

Even though FDR's new deal was a big step to help our nation, he was a very cautious man. Many time, he vetoed a bill until it suited his ideas. Obama, on the other, is a spontaneous man. only 2 days after he became President, he created this huge package that he thinks will fix our problems by giving us more debt so that we can get rid of all the debt.

Citations:

Krugman, Paul. "The New York Times > Log In." The New York Times - Breaking News, World News & Multimedia. 26 Jan. 2009 .

"Obama backs rapidly spending stimulus cash: W.House." Breaking News, Business, Financial and Investing News, Personal Finance & More | Reuters.co.uk. 26 Jan. 2009 .

Roosevelt, Franklin D. "Franklin D. Roosevelt: First Inaugural Address. U.S. Inaugural Addresses. 1989." Bartleby.com: Great Books Online -- Encyclopedia, Dictionary, Thesaurus and hundreds more. 26 Jan. 2009 .

2 comments:

Dludolf said...
This comment has been removed by the author.
Dludolf said...

1. I like the connection you made between FDR and Obama, then you also found a way that they are not like each other.
2. Very good evidence and facts were used to support your statement.
3. Reread your work or use a spell checker.
4. Was any of FDR's address's relevant to this topic?