Essay on Franklin D. Roosevelt vs. Barack Obama

760 Words Apr 7th, 2013 4 Pages
Franklin D. Roosevelt vs. Barack Obama The economy of the 1930s was a devastating financial situation that the American public will never forget. However, this doesn’t mean that history will cease to repeat itself. The political policies of Franklin Delano Roosevelt are often acknowledged for the relief of our country’s depression and some of which are still in effect today. To avoid our current recession, will Barack Obama choose to base his policies off of FDR’s in hopes that the same plan will work twice? There are some similarities and differences between the political action today and the action during the Great Depression. Within just the first 99 days of his election as President, Roosevelt’s New Deal was put into action with …show more content…
Now our current President is forced with the decision to either help the public with temporary ideas like Roosevelt’s or look out for what is best for our future like Hoover. It’s not an easy decision. Barack Obama has made an impact in our economy in areas similar to Franklin Roosevelt. He has created jobs and packages, like Obamacare, that he believes will help American citizens. Obama helped bail out the auto industries similar to how Roosevelt helped bail out the banks during the depression. However, Barack passed the Wall Street Reform (which helped the American financial system be less confusing and more apparent) to make sure that we would never have to bail out the banks again. Barack has also eliminated tax breaks for companies who ship overseas to try and promote American companies to create more jobs for the citizens who are here. In his term, Obama has added over 479,000 jobs which is the most growth we’ve had in a decade. He has spoken many times on how he plans to build “from the middle class out” rather than from the top down. Our middle class is of high importance to Barack and because of this, he has gained a tremendous support from the public. It seems that our current president has taken a few ideas from Roosevelt with the added caution of the foreseeable future. Our country looks like it’s headed in the right direction, but we may never know whether the help provided will be temporary until we live through it. As citizens, it would be

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