Papers on "Bush's Fiscal and Monetary Policies" and similar term paper topics

Paper #102086 :: Bush's Fiscal and Monetary Policies
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This paper presents a strong argument against the Bush Administration's fiscal policy.

Written in 2008; 1,131 words; 4 sources; APA; $ 39.95

Paper Summary:

The paper argues that the Bush Administration's 'Economic Recovery Act' is an essentially faulty fiscal policy of pairing marginal income tax cuts with an uncontrolled and misappropriated discretionary spending approach. The paper claims that by reducing the national income, as would be the case with tax cuts made permanent, the Bush administration is more than likely to stifle growth and growth potential. The paper contends that this a threat to the future economic posterity of the United States, given the inevitability that such fiscal policies will inhibit rather than stimulate spending, long-term consumer confidence and sustainable growth.

From the Paper:

"During the campaign to the 2000 presidential election, the incumbent party had a list of economic achievements under its belt which included a record low of unemployment rates, a balanced budget--even a surplus--and a broad trend of rapid economic growth. The opposition, represented by our current president, George W. Bush, came to office under the promise of repaying the American public its investment in the economy. As it took office, the economy plunged into recession, with the market correcting itself of the unprecedented expansion of the previous decade. With events like the Enron scandal revelation, the continually detrimental culture of corporate malfeasance and the costly attacks of September 11, 2001, the economy's correction' transformed into a serious recession. The Bush Administration responding by fulfilling its promise, passing an 'Economic Recovery Act' designed to stimulate a return to growth. Its primary avenue to accomplishing this would be the essentially faulty fiscal policy of pairing marginal income tax cuts with an uncontrolled and misappropriated discretionary spending approach."

Tags: income tax spending inflation Federal Reserve economy recession

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