Change = New Deal?
By shewolf52002
@shewolf52002 (1214)
United States
March 1, 2009 6:27pm CST
Has anyone else notice the eeery similarities between the Great Depression time politics and the ones we are seeing today?
People in the 20's were enjoying a great time of prosperity, spending more and more money on new inventions and material possessions. Especially after the invention of credit, soon the credit bubble burst. (sound like the housing bubble?)
Many more things like the stock market crash and of course the drought played into the long depression, but you must admit there are some similarities.
The republican party was in power when this all began to fall apart Hoover had fallen out of favor his attempts to stimulate the economy failed and Roosevelt won the election by a wide margin promising a New Deal (Change?) Soon he proposed mortgage relief for farmers and homeowners (sound familiar?), insured banks ect.... This became an era in which Federal Government increased in peoples everyday lives. I am just wondering if anyone else has noticed these similarities and if Roosevelts administration ended up with increased involvement of the government in our lives what are we looking forward to now? And is there a better way?
4 responses
@cotton0821 (259)
• United States
2 Mar 09
It must be remembered that the majority of Roosevelt's New Deal legislation was subsequently declared unconstitutional by the Supreme Court. Obama's legislative initiative will probably face the same judicial test and maybe also be found to be illegal.
1 person likes this
@shewolf52002 (1214)
• United States
2 Mar 09
I had seen reference to that, so why the heck do the politicians that should know this history better than we do not realize it?
@shewolf52002 (1214)
• United States
2 Mar 09
Why is it that the facts can be staring politicians in the face and they still refuse to acknowledge them? I am not schooled in politics I am an average american who knows a little history and even I can see what is coming. Are they that dense or just refusing to acknowledge what is as plain as the nose on your face.
@bobmnu (8157)
• United States
2 Mar 09
FDR also started Social Security to protect you in retirement (retirement age 65, also the life expectancy of the average person at the time). Some people have said that SS was established to get most Americans to pay for the new deal programs with out any hope of collecting SS because they most would die before they reached the age to collect. Will President Obama make his health plan so difficult that only those who are dying get the help?
1 person likes this
@shewolf52002 (1214)
• United States
2 Mar 09
One has to wonder. I dont know all I do know is that someone in power should have learned from the economic history of this country so that we are not doomed to repeat the failures.
@gitfiddleplayer (10362)
• United States
2 Mar 09
Yes, there are similarities between FDR and BHO, the New Deal extended the Great Depression and made people more dependent on government. The new administrations goal is to tank the economy by scare tactics so they can rebuild under the B.O. régime. This will mean more government for a longer time; people have short memories so they won't think about what he said until it’s applied. Taxing the rich won't make the poor wealthier, money is amoral, it’s not good or bad, rich people aren't bad, poor people aren't bad, its how the money is spent that makes the person bad. Example, the government spending my money to house a person who doesn't want to work, bad, me finding them and smacking them, worse.
