Obama has instructed his economic team to come up with a plan that will create 2.5 million jobs by 2011 and is calling for a plan that includes using them to rebuilding roads, bridges, etc.
This is shaping up to be the New Deal II and will include government spending that will completely and totally dwarf anything we have previously seen.
History has shown that the New Deal actually prolonged the Great Depression and the steps Obama is taking now are the same ones and we can expect a similar result.
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