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Article: No deal is the best deal.(ECONOMIC OBSERVER)(New Deal programs )
- Article from:
- USA TODAY
- Article date:
- May 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE NEW DEAL probably has been the greatest political force in the U.S. during the last 100 years, and Franklin D. Roosevelt probably has been the most influential president during this time. In our current economic crisis--which some have compared with the Great Depression--many critics are calling for more Federal programs and a "New New Deal." There are three reasons the country should dread such a deal from Pres. Barack Obama, although these fears already are being realized as the Administration implements its stimulus plan while attempting to prop up banks, insurance companies, and automakers, among others.
First, the Federal programs in FDR's New Deal did ...