Pros To Obama's Plan: This plan will help stabilize the economy and help it from going back into a recession. Obama proposed that his plan would add 2 points to the GDP growth of 2012. Adding 1.9 million jobs and lower the unemployment rate by a percentage point. The plan will have tax cuts and better pay for workers.
Cons To Obama's Plan: Obama's plan is very expensive. It is costing taxpayers about $450 billion. About $250 billion is taken the form of tax cuts and another $200 billion comes through spending increases. With these expenses the economy will have to hold up while paying for this. It may not be good to have the already falling economy try and support this. Also Obama hasn't gone into detail on how he will make sure the economy dosen't fall while paying for his plan.
Pros To The New Deal: It was a immediate response to helping to get out of the Great Depression. At the beginning of the New Deal President Roosevelt signed a lot of bills to try to cut back the amount of poverty, have the unemployment rate down, and ways to bring up the economy. One of the things that helped during this time was the Emergency Banking Bill of 1933. This bill was used to stabilize the banks after the banks closed. The National Industrial Recovery Act and the National Recovery Administration were made to help stop unemployment.
Cons To The New Deal: Due to the hast of the New Deal it had to be implemented three times. The New Deal didn't have gradual steps to help the economy get better. It was mostly compiled of many ways to fix many things. This may be the cause of why the New Deal had to be implemented three time to get the full effects and bring the economy back up.