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Biden and New Deal Nostalgia
by Will Marshall, PPI President

It’s been 89 years since Franklin D. Roosevelt was elected president in the depths of the Great Depression. But nostalgia for FDR’s New Deal dies hard.

Giddy Democrats are hailing President Biden’s ambitious plans for COVID-19 and economic relief and for rebuilding America’s physical and social infrastructure – which together are estimated to cost more than $4 trillion – as the second coming of the New Deal. The White House is tweeting out FDR quotes and photos.

Farther left along the spectrum, Rep. Alexandria Ocasio-Cortez (D-N.Y.) complains that Biden’s “once-in-a-lifetime investment in America” isn’t nearly enough to finance her vision for a “Green New Deal” that would re-engineer the U.S. economy from the top down.

Hardly a day goes by without some idea monger (me, for example) calling for a new New Deal to solve this or that pressing national problem. And why not? It’s hard to think of a better model than FDR for the bold and inventive leadership our country needs now.  

As a universal metaphor for “going big,” the New Deal works pretty well. As a governing blueprint for today’s Democrats, it’s less useful. The real history of the New Deal was forged in a very different America, and its lessons are just as likely to challenge as reinforce contemporary progressive shibboleths.

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