Ryan or Obama? You decide!

Here are links to the transcipt of President Obama's deficit reduction speech from Wednesday as well as the full text of Congressman Ryan's proposal from last week. Though very different, each proposal has a direct impact on the role that the federal government will play in the economy for years to come.  After a careful review of each, please comment on which proposal will have the more positive impact on the economy and why.  Please be specific in your responses.  Since this can be a heated issue, please avoid the temptation for name-calling in your responses as this does nothing to further the debate.

http://www.whitehouse.gov/the-press-office/2011/04/13/remarks-president-fiscal-policy

http://paulryan.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

New View 24.1, The New Deal

Should the government be the employer of last resort? 
After a careful reading of Chapter 24 and New View 24.1, please respond to the following:
In the most recent recession, the federal government bailed out banks and auto companies and left many unemployed individuals asking "where's my bailout?"  In the Great Depression, the government created the Works Projects Administration (WPA), the Civilian Conservation Corps and the Public Works Administration with the intent to provide at least temporary employment opportunities for those unemployed.  Some of these projects provided much needed new infrastructure.  At what point should the federal government intervene in the economy (if at all) and create similar jobs?  If they do, what projects would generate the greatest long-term economic growth?