The plan also calls for contributions to improve public education, to modernize schools and to improve Pell Grants. There is also money for research in science in technology to improve the broad band capabilities of the Internet infrastructure. Money has also been allocated for small business owners.
This infusion will be over several years. Critics of this plan concur that the amounts of money spread out over several years will not be sufficient to achieve the results the plan puts forth. Also, a lot of money has been given to banks, financial institutions and lending agencies. Money has also been given to the auto industry so that they can be more competitive with foreign auto manufacturers. But soon after, what the critics feared happened. The President asked the CEO of General Motors Rick Wagoner to resign. Critics believe that such an unprecedented rise of the power of the Federal government goes against everything that a successful capitalist system has achieved.
The first salvo against federal intervention has been fired by the state of Texas. On April 14, 2009, Governor of Texas, Rick Perry in a press conference invoked the 10th Amendment of the United State Constitution, declaring that Texas was a sovereign state. He averred that he would not accept any federal funding as part of the stimulus. He indicated that the capitalist system that was successful in Texas could be a beacon for the rest of the country. He did however mention that the only money that would be acceptable would be money that Texans had paid in taxes as long as the money was given...
FDR’s Approach President Roosevelt took a proactive approach to the Great Depression, immediately proposing the New Deal programs as practical steps towards rebuilding the nation’s economy. When he was elected, Roosevelt also demonstrated understanding of the need for emotional messages to help the American people remain calm and confident. For example, one of FDR’s most famous quotes was delivered in his inaugural address: “the only thing we have to fear is
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FDR: The New Deal Years 1933-1937: A History, Kenneth S. Davis presents a meticulous account of Franklin Delano Roosevelt's first term. This book is the third volume in Davis' much-lauded biography series of the 32nd president. In this volume, Davis focuses on Roosevelt's New Deal policies, providing a thorough analysis of how the president laid the foundations - often without his full comprehension -- of the American semi-welfare state. Davis' core argument
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