Okay First Things First, HISTORY Economic Plan During Great Depression: The President and Congress control fiscal and institutional policy-things like national security, trade, and economic laws. Under Hoover, “the top income-tax rate went from 25 percent to 63 percent, and 40-percent tariffs were imposed on imports,“ So Basically the plan was too let The Government do every thing and not let the people have a say on it Hoover rose taxes on everybody and but just rosed it more on people with higher income http://www.heritage.org/research/reports/2004/04/the- economic-lessons-of-president-hoover
FDR`s New Deal legislative reforms that came to be known as the New Deal Roosevelt explained to the American people that his New Deal program would seek to deliver relief, recovery, and reform—the so-called "3 Rs.” http://www.shmoop.com/fdr-new-deal/summary.html
How it relates to Today`s Issues? The plans for economic relief might be the same as back then and that’s why its so important for you decide whats right or wrong. Here are the plans presented by a few politicians as of today
Obama`s Plan Obamas plan for deficit reduction is make people who make over $1 million per year pay a federal income tax rate of at least 30% Lower tax rates for middle-income families and corporations Close a loophole that allows companies to shift profits overseas http://www.businessinsider.com/obama-economic- plan-2012-10?op=1#ixzz2Pq7YvS7t
Romney`s Plan Increase domestic energy Cut the deficit Celebrate success Repeal “Obamacare” and cut excess government regulation http://www.policymic.com/articles/12835/mitt- romney-economic-plan-debunked-in-5-simple-bullets
The Daniel Plan (AKA Plan USA) Combine The Romney(Republican) Plan And the Obama (Democratic) Plan. raise taxes on the upper class to give the government more money and cut spending by the government by 100 billion. “Let Daniel Explain it”
So What Do You Think “Those who don’t know history are doomed to repeat it” That is a good quote to use b/c I feel that with knowledge about past mistakes we can b/c a smarter group of people that will all know what to do when we get the chance to correct it. So in the end what do you think write about in your journal for Mrs.Sanchez to see.