Obama and the Economy

BBC News: Reports on the Obama economic plan to pump eight hundred billion dollars in to the economy. It has been called the New Deal of the 21st Century, one problem, it was the not the New Deal that bought the USA out of the Great Depression of the 1930s, it was World War Two that made the USA a economic power house, the UK went bankrupt in the process and thus the end of Empire. The Obama Economic Plan will soften the fall of the USA economy but then what, all this money on public works will take time to get going, if the economy is in recession in two years time the Democrats could lose their majority in Congress. It could be argued that there is a need for capital spending on roads, schools etc, but also deep tax cuts for individuals and business and deep cuts in government spending, areas that pander to the Democratic base, thus we shall see if the Obama Plan works, out of ten it could be argued that it has 5/10 of working, if does not work Obama could lose in 2012.