Reaction of us government to economic crisis


First, recognize at least one feature of the U.S. government's response to the economic crisis first discovered in the year 2009 which reflects rational choice behavior on the part of the Obama administration.

Second, recognize at least one feature of the Obama administration's response to the economic crisis SINCE 2009 that reflects Lindblom and Wildavsky's science of muddling through.

Third, describe the political effects of these government responses by the Obama administration and describe.

Economic crisis here refers to the economic recession (that is, two successive quarters of zero growth in the economy), a $14 trillion deficit, a 9% rate of unemployment (twice this number for certain minorities), housing market failure, the want to lift the debt ceiling, individual bank failures, major losses of individual savings or investments, Wall Street Bailouts and so on.

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