The Presidency of Barack Obama, a New New Deal in U.S. Economic Policy?
Bradley Smith (bsmith@parisnanterre.fr)
Additional contact information
Bradley Smith: UPN - Université Paris Nanterre, CREA (EA 370) - Centre de Recherches Anglophones - UPN - Université Paris Nanterre, UPN LCE - Université Paris Nanterre - UFR Langues et cultures étrangères - UPN - Université Paris Nanterre
Post-Print from HAL
Abstract:
It is common to compare the Great Recession of 2007-2009 and the election of Barack Obama to the Great Depression of the 1930s and the election of Franklin D. Roosevelt. This chapter tests this comparison on three levels: first, by situating the Obama Presidency within the history of turning points in U.S. economic policy since President Roosevelt's New Deal; second, by analyzing a selection of major economic policies of the Obama Administration; and third, by measuring the extent to which these policies broke away from the neoliberal economic paradigm that had dominated U.S. economic policy since the 1980s. The chapter concludes that despite the Obama Administration's rhetoric calling for change, the economic policies it implemented were more in line with those of the Third-Way Democrats of the 1990s than those of the New Deal Democrats of the mid-twentieth century. The Obama Presidency therefore did not represent a turning point as extensive as that of the New Deal.
Keywords: Barack Obama; Economic policy; Third Way; Democratic Party; Neoliberalism; Great Recession; New Deal (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:
Published in Elisabeth Fauquert. La présidence Obama, 2009-2017, Atlande, pp.161-186, 2019, 9782350306094
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04362469
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).