09 nëntor 2008

A new New Deal?

OK, OK, I know I have strong Socialistic tendencies and am therefore biased, but what's wrong with government intervening to help revive the economy?  The economy has been running free for years now (and we all see where we are because of it) and calling government involvement at this point intrusion or control is unjust; on the contrary, it's a necessary aid that carries with it great promise for the welfare of the American and global economy.  By doing this, the government will preserve the integrity of the country and the well-being of the people, and isn't that the government's main reason for being?

On the same note, I'm merely an amateur historian and not at all an economist, but, in my simplistic way of thinking, I cannot help but consider the circumstances in which the New Deal came about and what it did to provide jobs for Americans.  We are presently faced with a very similar sharp downturn in the economy, with a failing infrastructure, and with energy challenges, all of which provide the same canvas for government projects as in 1932.  
  • Government involvement at this stage will boost the morale of the people and engage them in the efforts to keep the economy on its feet;
  • infrastructure projects on a national level will provide the work that many highways, bridges, ports, railways, etc. need around the country, while also strengthening our defense and creating jobs that will employ those who are currently losing jobs; 
  • and the steps toward greener and reusable energy on a national level (congruous to the need for electrification in the 1930s) can similarly create jobs and simultaneously achieve one of the greatest challenges facing the nation today.
I don't know about you, but I wouldn't be so adverse to a new New Deal.

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