The difference is that FDR made INVESTMENTS to increase productivity and the market share for productive goods.
Such as getting more people electricity, getting cheaper electricity, industrializing farming and the like, money spent on projects (that were not investments) paid people to work rather than just giving them money for food.
So what does that mean?
Obama's administration or better yet Bush after 911, could have made those same sort of investments that would have eventually lead to better stabilization and growth of our economy by getting us off of foreign oil.
That would be an INVESTMENT rather than just an expenditure.
Instead we get neo-con "tax credits" where the government pays people to buy stuff.
And no, family farms were ultimately destroyed/degraded by a policy shift of Farm subsidies under the Nixon administration and of course so was our currency through the dismantling of Bretton Woods.
You guys got an early start.
Bretton Woods system - Wikipedia, the free encyclopedia
Earl Butz - Wikipedia, the free encyclopedia
Savings and loan crisis - Wikipedia, the free encyclopedia
