Theodore Roosevelts "square deal" promised to give every laborer and farmer a square deal, no more, no less. T.R.'s theory, with regard to helping the economy, dealt with protecting the consumer through reforms and trustbusting. After T.R.'s Presidency, Taft continued on with this theory of protecting the consumer through progressive reforms. Later on in the 1930's Franklin D. Roosevelt institutes an economic stimulus plan his administration calls the "New Deal". This plan calls for tax money to be spent on infrasturcture similar to that of President Obama's plan.
**Square Deal, TR**
**New Deal, FDR**
Your Assignment:
1.) Discuss the way President Obama and his plan have attempted to stimulate the economy. (Research)
2.) Discuss the other side of the aisle (Repbulicans) and their theory of the best way to stimulate the economy. (Again, research will be necessary)
3.) Which of these do you believe would better suit stimulating the economy.
Due: Sunday 2/1/10 by no later than 11:59p.m.
1)Barack Obama’s economic plan will inject $75 billion of stimulus into the economy by getting money in the
ReplyDeleteform of tax cuts and direct spending directly to the people who need it most. Obama’s proposal will
immediately provide stimulus using means that do not require lengthy governmental or administrative delays.
The plan also reserves an additional $45 billion of stimulus that can be injected into the economy quickly in the
future if the economy continues to deteriorate.
2)Republicans have no plan to stimulate the economy. They plan that it will fix itself.
3)Obamas cause he has a plan and is not letting it work itself out.
1)Although the economic stimulus package was to be spent over ten years, the bulk was budgeted for the first three fiscal years: $185 billion in 2009, $400 billion in 2010 and $135 billion in 2011.
ReplyDeleteThe Plan did better than that. By October 30, 2009, over $241.9 billion had been spent: $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits and $62.6 billion in job creation grants. By October 8, 2010, the program had spent $554.4 billion :$243.4 billion in tax relief, $163.2 billion in entitlements and $147.8 billion in contracts, grants or loans.
2) The repulbicans think he is breaking his promises and hurting our economy more and making us depend on people.
-Immediate tax relif for working people
-Help for Americas small businesses
-Assistance to the unemployed
These are just some of the repulicans ideas
3)The republicans because theres is more realist. It may take long to get the economy back on its feet but we will no thave so much to pay back in the future.
1.The Plan did better than that. By October 30, 2009, over $241.9 billion had been spent: $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits and $62.6 billion in job creation grants. By October 8, 2010, the program had spent $554.4 billion :$243.4 billion in tax relief, $163.2 billion in entitlements and $147.8 billion in contracts, grants or loans.
ReplyDelete2.Yet the Republicans seem to have trouble coming up with more than irrelevant or trivial arguments. Appearing on ABC on Sunday, Sen. Jim DeMint (R-S.C.), for instance, owned up to calling the stimulus plan the "worst plan since the 16th Amendment paved the way for the income tax."
i think that obama plan is better.
1. Barack Obama said the No. 1 goal of his economic stimulus plan is to create 3 million new jobs in the next two years. Less than 20 percent of them will be government jobs.
ReplyDelete2.House Republicans have offered an economic recovery plan that will create twice the jobs at half the cost for hard working Americans. The House GOP plan does not include wasteful pet projects and it ensures that the funding immediately goes into effect. No waste, just jobs.
3. I agree with the republican side because i think it is true and also because i think obamas plan isnt working.
1.The main purpose of the economic stimulus package was to prevent the re-emergence of the panic that gripped investors in 2008. It also aimed to restore trust in the finance industry
ReplyDelete2.House and Senate Republicans expressed strong opposition Tuesday to President Obama's $835 billion stimulus package now before Congress.
3. The demorctaric plan can be good in a way and also could be bad because it would be a lot of spending of money so probably the repulicain plan
1)The president pleaded for urgent action, saying, "If we do not act boldly and swiftly, a bad situation could become dramatically worse."Obama's remarks came as he is lobbying for quick congressional passage of an $825 billion stimulus package to pump up the economy.
ReplyDelete2)A nearly $820 billion stimulus package passed the House of Representatives Wednesday without a single Republican vote.
3) if there is no vote from the republican side there must be something wrong with it. So i gueses that i would go with the Republicans on it.
1-one third of the stimulus money that obama spent went 2 new government contracts to build new infastructure.
ReplyDelete2-they feel that if you lift the tax burdon, people will buy more and then businesses make more and the businesses spent more and the circle go around and around.
3-i think that the rep.s have good ideas but that make take more time to do. the ideas of building ifastructure to gain jobs is smart but the government didnt have the money so i wouldnt have dont that.
1) Obama's plan is to have tax cuts for the unemployed people in our country.
ReplyDelete2) The Republicans however want the tax cuts to go to every class in our country so even the rich people.
3) the republicans will better stimulate the economy because it is leaveing people more of their income to spend on products putting more money in the economy.
1. The $787 billion was to build up our economy. $288 billion in tax cuts.$224 billion in extended unemployment benefits, education and health care and $275 billion for job creation using federal contracts, grants and loans.
ReplyDelete2. Republicans wanted a two year extension to all income levels, not just the unemployed.
3. I think Obama's would work better, because it would give Americans tax cuts, give people ecucation and health care, and also create jobs for Americans.
1) I think that his plan has failed..it kinda failed the first time.
ReplyDelete2) They don't think it's going to work either.
3) I think that the republicans would work better becasue it seems like they know what they are talking about.
1) This plans have created a sort of new government act with all the peoples jobs and tax breaks.
ReplyDelete2)House Republicans have offered an economic recovery plan that will create twice the jobs at half the cost for hard working Americans. The House GOP plan does not include wasteful pet projects and it ensures that the funding immediately goes into effect. No waste, just jobs.
3) I think obamas plan is better sutible for our government because it seems like he is woring harder on things and making things happen faster than the republicans.
1- Barack Obama’s economic plan will inject $75 billion of stimulus into the economy by getting money in the form of tax cuts and direct spending directly to the people who need it most.The plan also reserves an additional $45 billion of stimulus that can be injected into the economy quickly in the future if the economy continues to deteriorate.
ReplyDelete2- Republican's say that you can put money into the economy, by spending more or by taxing less. That's why permanent tax cuts should be the centerpiece of the economic stimulus.
3- I think the republicans plan to stimulate the economy is the best b/c if you lower taxes there will be less companies and their workers going bankrupt
the stimulus that omboma is working on these days are helping with the ecomomic problems and the taxes and forecloser that is going on.
ReplyDeletethe rebublican side of the ombama stimulus dont like how he is handling it these days becasue they dont like it that he has his own stimulus team to work on it and such on
well the obama side. im not a big fan of obama but the way he is trying to handle the situation i can really trust him on that