Franklin D. Roosevelt's New Deal vs. Barack Obama's Economic Stimulus Plan Aiding the economy was what both of these plans were meant for. Franklin Delano Roosevelt’s New Deal aided the American economy to get back on track during the 1930's. Due to the economy suffering severely from the great depression this plan was setup to help boast and get the economy going. Barack Obama's Stimulus Plan was also and aid brought out to save the economy. Due to the country facing the biggest economic crisis since the second world war, Obama and Democratic Party leaders suggested an economic stimulus package to confront the crisis.
In 1932 Franklin D. Roosevelt won the presidency in a landslide victory over Herbert Hoover (President at that time). He implemented many ideas to get the nation out of the depression. He based his ideas off of three principles; relief, recovery, and reform. Roosevelt’s “New Deal” was tremendously successful as it improved the nation’s economy and lowered the enormously high unemployment rate. The event that started the Great Depression was “Black Tuesday.” On this day, the stock market crashed.
During the Great Depression, President Roosevelt used several revolutionary tactics to heal the suffering American economy. These tactics, the providing of public service jobs, the movement for social security and the implementation of a "blanket code" for workers rights, had great success and greatly revolutionized the role of the federal government. The providing of public service jobs (the New Deal) was the tactic that served to heal the most daunting problem in American society, unemployment (document J). In 1935 the Roosevelt administration created the WPA to help employ Americans for publicly funded projects such as "city beautification." As seen in Document J this jobs did help to greatly lower the percentage of unemployed between 1935 and 1938.
Senator McCain on the other hand says that he would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America so that people are able to make their mortgage payments and retain their homes. He accuses Senator Obama and his friends in Washington of making risky loans and giving them to people who could never afford to pay back. He accuses Senator Obama to be the second highest recipient of Fannie Mae and Freddie Mac money in history. Senator McCain criticizes Senator Obama’s liberal big spending recording in the US Senate and his involvement in pork barrel projects. Senator McCain explains his record of bipartisanship and says that the situation today cries out for bipartisanship.
With the help of Hopkins and Perkins, Roosevelt introduced help for the unemployed and those too old to work. Roosevelt was seen as great success as governor of New York and he was the obvious choice as the Democratic presidential candidate in 1932. Although Roosevelt was vague about what he would do about the economic depression, he easily beat his unpopular Republican rival, Herbert Hoover. Roosevelt's first act as president was to deal with the country's banking crisis. Since the beginning of the depression, a fifth of all banks had been forced to close.
We don't succeed when a few at the top do well while everyone else struggles to get by -- we're better off when everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules. When Bill Clinton was president, he believed that if America invested in the skills and ideas of its people, good jobs and businesses would follow. His economic plan asked the wealthiest Americans to pay a little more so we could reduce our deficit and still invest in job training and education, research and technology, better health care and a dignified retirement. And what happened? By the end of his second term, our economy created 23 million new jobs.
He became president by defeating Herbert Hoover, the president that was blamed for causing the Great Depression. Roosevelt defeated Hoover by a landslide. Many blamed him because the Great Depression occurred while he was president. Shanty towns that sprouted up across America during the Depression were called Hoovervilles as a slight to President Hoover. Roosevelt’s primary goal of his presidency was to end the Great Depression.
In 1930 President Roosevelt won election and started the New deal in hopes of turning American strife around. With millions unemployed nationally, it would be a tough job. The banks were dry, as well as, farmer’s lands across America. It seemed that trade had come to a dead end and that everything was going in circles, creating an echo effect internationally. It would be years before America was back on its feet economically, and another great war lied ahead, but somehow Americans were able to keep their hopes and dreams alive and come out on the other
Herbert Hoover and Franklin Roosevelt both had lots to offer in their candidate race, although the outcome was won by a landslide. The Great Depression had hit America hard, and the damage was made even worse by Hoover’s administration that had attempted to control the outburst. The American people were hesitant between both Hoover and Roosevelt because they had suffered already so much from the depression. Hoover believed that eventually the economy would fix itself, while Roosevelt on the other hand believed that the country needed to take much action to turn its economy around. Roosevelt told the country what problems were at hand and dealt with them one-on-one, for example in his speech in San Francisco in 1932, “Our industrial plant is built; the problem just now is whether under existing conditions it is not overbuilt” [61].
Newly-elected president, Franklin Delano Roosevelt had set the tone in America when in his inaugural speech he said, “The only thing we have to fear, is fear itself.” Seeing as the United States was in a depression, this statement seemed absurd and foolish. He may have done more during his twelve years to change American society and politics than any of his predecessors. Some of this was the product of circumstances; the Great Depression and the rise of Germany and Japan were beyond Roosevelt’s control, but his responses to the challenges he faced made him a defining figure in American history. What did Roosevelt mean by saying all Americans had to fear, was fear? He was saying that as long as the American citizens remained immobile