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Essay / Research Paper Abstract
This 5 page report discusses the current state of the American economy and Bush Administrations role in it. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_BWbsheco.rtf
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Unformatted sample text from the term paper:
Likewise, the many components of social and economic development must be carefully considered in the context of how they relate to each other. Equally important is how that relationship has
an impact on the collective consciousness related to how well the economy is doing from the publics point of view, as well as within the context of economic theory. There
has been some concern that the political aspects of the American economy have been forgotten by the Republican and Democratic parties during the very recent 2002 elections and in the
furor over the "war on terrorism." However, there are also indications that a great deal of the rhetoric being offered about war concerns -- Iraq, terrorism, oil -- are more
directly related to the economy than to ideology. The facts show that the realities of the American economy in 2002 is one in which all of these factors have a
role. State of the Economy Conservative columnist and writer, William F. Buckley, Jr. (2002) addresses the issue of the state of the economy under Bush leadership by point out that:
"The complaints we hear that the president hasnt given attention to domestic economic problems recall the wisdom of our ancestors. It is that most economic problems are best met by-doing
nothing" (pp. 62). The point he goes on to make is that time-honored wisdom of economic theorists such as Adam Smith have established that if a government "does nothing," then
the "natural inclinations" of the people and their businesses are unfettered which then leads to increases in productivity which, in turn, increases overall prosperity (pp. 62). However, Buckley also clarifies
that to successfully "do nothing" requires that the "basic engines of economic activity have to be in motion" (pp. 62). One can immediately assume that the economic engines of the
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