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Essay / Research Paper Abstract
A 10 page research paper that explores whether or not the Bush administration should be held responsible for the current high rate of unemployment. The writer examines the opinions of experts, the current situation, and the political impact of this issue on the 2004 election, focusing primarily on the role of the presidency in regards to economic policy. Bibliography lists 5 sources.
Page Count:
10 pages (~225 words per page)
File: D0_khexjobs.rtf
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Unformatted sample text from the term paper:
who are vying for their partys nomination will undoubtedly make the unemployment rate an issue, blaming the current administration for the lack of jobs and the hardships that this entails
for the affected parts of the country. A pertinent question pertaining to this issue is whether or not the Bush administration is responsible for the loss of jobs and the
downturn in the labor market. To what extent can the president be held accountable for lack of jobs in a free market? Does federal economic policy influence the overall economy
to the extent that blaming the executive branch is justified? The answers to these questions depend largely on whom you ask. This is because opinions vary widely even among
those who are expert in the field of economics, business and government, and also political orientation is a crucial factor, with right-leaning organizations favoring the policies of the Bush administration,
and left-oriented institutions being more critical. In actuality, the principal responsibility for economic management lies with the Federal Reserve Board, and not with the president; however, as Beattie (2003) points
out, this distinction is largely lost on the electorate. Furthermore, by actively engaging in federal policies designed and advertised to the American public as intended to boost the economy and
create new jobs, the Bush administration has "indelibly identified itself with the performance of the economy" (Beattie, 2003, p. 17). The Bush administration labeled its latest round of tax cuts
as a "jobs and growth" package, clearly indicating to the American public that this legislation was intended as a means to stimulate the economy and, in doing so, provide jobs
(Beattie, 2003). In taking this step, the White House risked its credibility, even though Alan Greenspan, the head of the Federal Reserve board, said that such a step was probably
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