Impacts of International Initiatives on Economic Growth and Development Assess President Obama and the Congressional Majority Democrats’ stimulus, budgetary, and health care initiatives in the context...


Impacts of International Initiatives on Economic Growth and

Development


Assess President Obama and the Congressional Majority

Democrats’ stimulus, budgetary, and health care initiatives in the context of

promoting Economic Growth and Development In your view, are the Democrats’

policy initiatives aimed more at encouraging Economic Growth or Economic

Development? Or are they aimed at both? Defend your assessment accordingly In

doing so address these questions:




What were the challenges that these policy makers perceived

at the time in terms of both the Business Cycle and broader social policy?


What theories did the Democrats use to justify their

policies, both enacted and proposed, regarding taxes, spending, and the

historic health care reform bill? Can one theory account for all of these

policies?


Perhaps it was more than academic theories and immediate

macroeconomic conditions What ideological legacies may have been motivating

the Democrats in their choice of eventual policy initiatives when they finally

returned to power in 2009? As such, maybe the related planks in their 2008

National Platform offer some useful insights Along these lines, briefly

explain why Republicans were almost unanimous in their opposition to these

initiatives



In your assessment, do not get caught up in the minute

details of the bills, just their broader economic and political significance

when taken together and their role in encouraging Economic Growth and/or

Development Since it remains an open question as to just how effective these

policy initiatives have been or will be, do not feel that you must offer

definitive data in some form here Just present your best arguments and

supporting data as concisely and clearly as possible

May 15, 2022
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