Modern liberalism is linked closely to FDR’s “New Deal”. The “New Deal” consisted of three types of social programs, which were designed to produce “Relief, Recovery, and Reform”. Similarly, President Barack Obama’s economic stimulus package mirrors and improves on some of FDR’s social programs. FDR’s social programs helped the United States recover from the Great Depression, which took almost 12 years to recover, and I believe Obama’s programs will eventually solve the current crisis. Unemployment insurance programs first began in FDR’s “New Deal” and Obama has proposed legislation to enhance those programs. Other programs that are relevant in modern liberalism are the regulation of Wall Street and the FDIC insurance for bank deposits.
Obama has taken a Keynesian economic approach to stimulate the economy and help rebound from the current economic crisis. The Keynesian theory suggests a state should stimulate growth through creation of jobs, taxation incentives for business, and reduced interest rates. This is a brilliant approach that Obama has chosen for his game