The end of the New Deal?

Sans partager toutes les idées de l'auteur, j'aime bien ce clin d'oeil au passé et au début de "l'État providence". Peut-on vendre à nouveau l'idée aux américains en 2011?


America was rescued from the Great Depression by the New Deal — and then pushed back into recession when Franklin Roosevelt briefly and prematurely moved toward a balanced budget. Three-quarters of a century later, a second depression was averted by an act of government that did more and spent more to counter an a collapse in consumer and the credit markets. It briefly seemed that we as a nation had learned the imperative that FDR expressed on Inauguration Day in 1933 — the necessity for "action, and action now."

But FDR had come to office more than three years into a catastrophic downturn. Americans rallied to the hope he brought, but didn't expect an instant turnaround.

Barack Obama entered his presidency only months into the financial crisis. Compounded by the pressures of a hyper-media age, the public mood didn’t accord him many months before punishing him and his party in the midterm elections for a recovery that was taking hold but not fast enough, a recovery still more a statistical artifact than a fact of people's lives. There are now more convincing signs of economic revival, which could yield decisive and Democratic dividends in 2012 — if the results of the 2010 elections don’t stall a reverse in growth and job creation.

La suite: http://theweek.com/bullpen/column/212467/the-end-of-the-new-deal