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