Securing America and Protecting Civil Liberties
Securing America and Protecting Civil Liberties
Shanon Joy Cooper
Ashford University
Pol201: American National Government
Final Paper
Eliza Gordner
July 2, 2012
In all aspects, the financial crisis of 2008 – 2009 has and is affecting millions of Americans. One key factor to the financial crisis in the American economy has been greed by not only the government, but businesses and individuals. Our federal government from the President, Congress, the Secretary of the Treasury, and last but not least, the Federal Reserve, has each had a contributing factor in allowing the economic crisis to happen. As the Chief Guardian of the Economy, our president has to be involved with the unemployment rate, taxes, and the prosperity of the United States as a whole. In saying this, the president has no control over the economy. His involvement as the Chief Guardian of the Economy is to oversee and help it to run smooth and efficient. Congress has several key roles within the safety of our economy. They have the power to regulate the commerce. In doing so, they can place taxes on imported goods and they can also make trade agreements with other countries. They have control of two important factors in our economy, one being taxes and the other is government spending. Congress has the power to keep our economy safe by lowering and/or raising taxes. When our economy is in a slump, congress has the power to lower taxes. This in turn allows the people to have more money to spend. When society spends money, it in turns helps the economy. When the economy is doing too well, congress may fear inflation. If congress fears inflation, they may raise taxes. When taxes are raised, this controls spending, thus limiting the amount of cash flow that people have in their possession. Congress can also influence the economy with government spending. They have the power to spend the government’s money. By saying this, they can increase unemployment
Shanon Joy Cooper
Ashford University
Pol201: American National Government
Final Paper
Eliza Gordner
July 2, 2012
In all aspects, the financial crisis of 2008 – 2009 has and is affecting millions of Americans. One key factor to the financial crisis in the American economy has been greed by not only the government, but businesses and individuals. Our federal government from the President, Congress, the Secretary of the Treasury, and last but not least, the Federal Reserve, has each had a contributing factor in allowing the economic crisis to happen. As the Chief Guardian of the Economy, our president has to be involved with the unemployment rate, taxes, and the prosperity of the United States as a whole. In saying this, the president has no control over the economy. His involvement as the Chief Guardian of the Economy is to oversee and help it to run smooth and efficient. Congress has several key roles within the safety of our economy. They have the power to regulate the commerce. In doing so, they can place taxes on imported goods and they can also make trade agreements with other countries. They have control of two important factors in our economy, one being taxes and the other is government spending. Congress has the power to keep our economy safe by lowering and/or raising taxes. When our economy is in a slump, congress has the power to lower taxes. This in turn allows the people to have more money to spend. When society spends money, it in turns helps the economy. When the economy is doing too well, congress may fear inflation. If congress fears inflation, they may raise taxes. When taxes are raised, this controls spending, thus limiting the amount of cash flow that people have in their possession. Congress can also influence the economy with government spending. They have the power to spend the government’s money. By saying this, they can increase unemployment
References: www.federalreserve.gov www.sub-primeloans.com www.thetruthaboutmortgage.com www.treasury.gov www.economichelps.org www.whitehouse.gov O’Connor, Karen J., Larry J Sabato, Alixandra B. ;Yanus. American Government: Roots and Reform, 2011 Edition, eBook for Ashford University, 11th Edition. Pearson Learning Solutions. Heng, Michael Siam Heng, Great Recession: History, Ideology, Hubris and Nemeis, Ashford University ebrary, 07/2010 Ashford University jstor, Brookings Papers on Economic Activity, The Brookings Institution, www.jstor.org/stable/25652713