In 1932, at the rock bottom of the Great Depression, President Franklin Roosevelt swept into office with the promise of bold reforms to jump-start the American economy. Although conservative critics of the day cast his ideas as too radical, policies implemented in The New Deal stabilized the banking system within one month, cut skyrocketing unemployment in half and increased our gross domestic product by 50 percent.
Over the past three decades, the pendulum has swung from this New Deal ideology to conservatism. Tax cuts for the rich were supposed to “trickle down” to the masses, spurring job creation and an economic boom. The current economic crisis we are experiencing has shown us that conservatism – upper-tier tax cuts and big business bailouts – has failed. Tax cuts for the wealthy have only made the rich richer, the poor poorer… and the middle class isn’t doing all that well either. Instead of the promised job creation, we find more and more of our jobs being shipped overseas while unemployment has skyrocketed to the highest level in a decade.
The recession is here and it’s real. Many are losing their jobs, homes and health care. Others are maxing out their credit cards just to keep their heads above water. While some politicians call for piecemeal solutions and others declare that our problems are all in our heads, more and more Americans believe that things are only getting worse. As the bad news continues to pour in, people are looking to the government for leadership and answers. Polling over the last few months shows that 69 to 82 percent of voters now favor government intervention to save our struggling economy.
Our forefathers’ original intent, as stated in the Constitution, was for government to “provide for the general welfare” of its citizens. "Of the people, by the people, and for the people" has been corrupted into "of the corporations, by the lobbyists, and for the very rich." It is time for everyday Americans to take back our country from special interests. We need our political leaders to stand up to those who would promote division and fear-mongering rather than what is best for all citizens. Today, we need “The Next New Deal” to get our economy back on the right track.
USAction's Invest in America’s Future plan would make public investments in our economy and usher in a new era of economic security, opportunity and prosperity. The plan would invest in 21st century jobs, guarantee quality, affordable health care for all, strengthen our educational system and eliminate our dependence on foreign oil.
Recently, more than a dozen members of Congress gathered to voice their support for the Invest in America's Future plan. We applaud these members of Congress – from Maryland to California – who have a vision for America's future and generations to come. America is in crisis and the time to act is now. People are hurting and demanding change.
We urge you to visit our website where you can show your support for the plan, contact your representatives, and tell them we need to invest in our economy right here at home.
William McNary is the president of USAction the co-director of Citizen Action/Illinois.








Gerald Pechenuk (not verified) on Tue, 09/09/2008 - 19:31
The announcement by Secretary Paulson, of the unlimited bail out of "mortgage backed-securities" at 100% face value is a KNIFE IN The HEART of any FDR NEW DEAL Today. Rahm Emanuel. as one of the pushers of this bailout of the speculators, should probably plead insanity, because otherwise what he and Barney Frank and Nancy Pelosi have done in complete and total support of the Bush Administration policy that they very unconvincingly pretend to oppose, are guilty of acts "tantamount to treason." Reverse this immediately, Gerald Pechenuk, cities12345@yahoo.com
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