According to the Boston Globe newspaper, the conservative critics of President Obama's stimulus plan have homed in on FDR's New Deal as part of their critical attack. The main thrust of the criticism - which should be familiar to all GCSE students - is that the New Deal didn't work, since it didn't really solve unemployment. For the conservative critics of today, that's as good a reason as any to condemn Obama's FDR style spending plans. But, says columnist Scott Lehigh, the criticism is deliberately warped, using unemployment figures in a misleading way; the New Deal was a success, he says - and three election victories goes to prove it. Click on the link above to read the whole article.
Wednesday 18 February 2009
The New Deal - Still Controversial
According to the Boston Globe newspaper, the conservative critics of President Obama's stimulus plan have homed in on FDR's New Deal as part of their critical attack. The main thrust of the criticism - which should be familiar to all GCSE students - is that the New Deal didn't work, since it didn't really solve unemployment. For the conservative critics of today, that's as good a reason as any to condemn Obama's FDR style spending plans. But, says columnist Scott Lehigh, the criticism is deliberately warped, using unemployment figures in a misleading way; the New Deal was a success, he says - and three election victories goes to prove it. Click on the link above to read the whole article.
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