4 ms·
Seems like a modern equivalent of the FDR work programs. What did it take for him to pull it off? EDIT: http://en.wikipedia.org/wiki/Works_Progress_Administrat
by seats 15y ago
Seems like a modern equivalent of the FDR work programs. What did it take for him to pull it off?
EDIT: http://en.wikipedia.org/wiki/Works_Progress_Administration http://en.wikipedia.org/wiki/Works_Progress_Administration
Looks like the executive branch should have enough power to do this on its own.
- knowtheory 15y agoWell, i think a key difference is that the Works Progress Administration directly employed people (as far as my understanding goes). http://en.wikipedia.org/wiki/Works_Progress_Administration http://en.wikipedia.org/wiki/Works_Progress_Administration The difference in what Cuban is suggesting is that he's just asking why the government can't loan directly to businesses to hire.
- seats 15y agoRight, but that's why I'd say it is a modern take on it. It actually makes the program more like an opportunistic specialized VC/investment bank combo.
- anigbrowl 15y agoFrom your link, emphasis added: Created by order of President Franklin Delano Roosevelt, the WPA was funded by Congress with passage of the Emergency Relief Appropriation Act of 1935 on April 8, 1935. funding seems like a sort of crucial detail to me.