The New Deal and Obama

In: Social Issues

Submitted By peema2
Words 709
Pages 3
new Paige Martin
TIAS 305
SEMINAR IN IAS
Winter 2012

Obama’s Rehashing of FDR’s New Deal

Franklin D. Roosevelt was one of the most memorable presidents in our history. His “New Deal” was a promise to American people - which the depression they were going through would come to an end. Much like Roosevelt, Barack Obama promised a new, new deal to his nation and proclaimed there would be “change.” This was the prescription that was much needed during the apparent economic downturn and it was modeled after the actions taken by Franklin D. Roosevelt during the great depression.
One of the primary problems Franklin Roosevelt had to face was a high unemployment rate. Citizens were loosing their jobs because businesses were losing money. Roosevelt realized that the jobs were key, so he made a plan to try and create jobs for the citizens that needed them. One of the plans being put into action was the Works Progress Administration. This gave people government jobs for rebuilding America. Roosevelt also created the Rural Electrification Administration, which gave power to the majority of American farms that still had no electricity, as well as the Civilian Conservation Corps (CCC) and Soil Conservation Service helped to revive America’s forests and farmland and put more people to work on temporary projects.
The current presidency was focused on repairing jobs as well, among other issues, such as health care and other social issues. There is also the withdrawal of funds from federal banks, a problem faced by both Roosevelt and Obama. A depression doesn’t always mean that there is a lack of money, but rather the money is out of circulation. As people lose jobs and stop spending their money, banks get nervous and stop giving out loans. During the depression people needed to have their faith restored in their banks so in response to this problem, Franklin Roosevelt…...

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