Would FDR's New Deal programs work as effectively today to boost our economy and help create jobs as they did during FDR's tenure as president?
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Programs such as the Civilian Conservation Corps (CCC) http://en.wikipedia.org/wiki/Civilian_Conservation_Corps gave young people jobs, income, etc. until WWII came around. Given that inflation is low, would New Deal programs help address US unemployment and consumer spending issues? Would they potentially work in Europe, where inflation is higher but unemployment also much worse?
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Answer:
No, Obama has no understanding of basic economic principals. In the Great Depression, you had people fighting for every last dollar they could get their hands on. This was a nation ready to make efficient use of a stimulus, even a small one. By cutting out the bottom of the recessionary curve using a stimulus, you are left with a bunch of lazy fat people who are inefficient and are treated as arrogant if they try to come up with new business ideas. All giving them money does is make them lazier, fatter and more ignorant and make the next fall that much harder.
Anonymous at Quora Visit the source
Other answers
New Deal type programs will work as effectively today to boost our economy and help create jobs. Pertaining to Europe, I cannot comment as I'm unfamiliar with Europe's situation.-MThttp://pres.me
Mathew Tyler
No because the new deal did not boost anything. FDR economics turned a recession into a great depression, this No success. Obama Also did FDR economics, extreme government spending, a new massive Marxist style welfare program and the result was predictably, Obama turned a recession into the great recession. Had FDR economics not been used, the recession of the time would have ended by the time FDR was elected. Yes I called it FDR economics because he organized and expanded on What was attempted the previous 3 years. Most recessions end on their own in under 2 years.
Todd Topolski
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