Work in progress: Barack Obama aims to boost the economy with public-works jobs, infrastructure spending and investments in education and energy. Will Colorado fare as well as it did under FDR?
ColoradoBiz › Vol. 36 Nbr. 2, February 2009
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Work in progress: Barack Obama aims to boost the economy with public-works jobs, infrastructure spending and investments in education and energy. Will Colorado fare as well as it did under FDR?
As he begins his presidency, Barack Obama faces the bleakest economic landscape since the country entrusted Franklin Delano Roosevelt to rebuild the nation from the fiscal train wreck that ended the Roaring Twenties. As the Obama administration puts its economic stimulus in play, FDR's New Deal looms large--as both a prototype and a cautionary tale.
In the months following Inauguration Day in 1933, the federal government essentially put a "Help Wanted" sign up and started hiring workers for the first card of the New Deal, the Civilian Conservation Corps. "In creating this Civilian Conservation Corps, we are killing two birds with one stone," Roosevelt said during one of his first presidential radio addresses. "We are clearly enhancing the value of our natural resources, and second, we are relieving an ap...See the full content of this document
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