Tuesday 30 August 2011

Obama's WPA...

Will Obama conjure up the imagination in his economic plan due on 5 September? The yes-we-can-man has, until now, been a contradiction in terms. In Obama's defence, the structural no-you-wont inefficiencies of Congress does effectively hamstring any change. Even so, for Barack it's now or never.

President FDR, the last great US democrat, rejuvenated the US national spirit and soon had the world singing his 'happy days are here again' ditty. To this day President Roosevelt remains the only US president to serve more than two terms.

Faced with crippling unemployment and global economic strife at the height of the Great Depression, FDR introduced his New Deal plan in his first 100 days in office, a program some considered wildly optimistic. Nevertheless, New Deal introduced relief and reconstruction programs which included paid jobs for millions of the unemployed. History records the economic recovery and the lift in national spirit as extraordinarily successful... Even so, FDR's greatest success and key to the economic recovery was his cross-party coalition which realigned American politics for decades.

So Obama has the recipe and the catchy ditty. What he lacks, perhaps, is the clarity of foresight, some political compromise and a little courage. If I was Barack I would look to Irene as the catalyst / excuse for my own New Deal / WPA plan..

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