The economic idea behind FDR's economic stimulus plan is called 'Keynesian' economics, a favorite subject of mine.
Now, Obama is going to have a tough time of it, after the looting of the Federal Government by the Republican 'businessmen'. But, clearly, this is going to be some aspect of the plan, hopefully modernized a bit.
A small thought in that regard - although 'printing' money is clearly in the jurisdiction of the Federal Government, the spending of need not be. Infrastructure spending at the local level can build quality local assets - and - if both government officials AND local business people are HONEST those public projects can also be business friendly - in the historic sense of community.
I know, I know, that's a tall order. But perhaps the first place to start would be for the feds to stop backing scumbags who just happen to have a DC lobbyist - at any level.
