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The Kennedy Proposal: Fighting Out Of The NCAA Recession

Article By on 27th June, 2009

... class="MsoNormal" >The Following is a blurb from Robert A. Heineman, Steven A. Peterson, and Thomas H. Rasmussen, authors of American Government Second edition, Chapter 13, “Economy Policy” pg. 277:

“Under President Bush :

A strong economy contributed heavily to George Bush’s victory in 1988. President Bush supported the Fed’s effort to tighten the monetary policy, hoping to slow the rate of inflation without slowing the economy. The effort was not successful.

Unemployment rose to 7.4 percent in 1992 and the economy grew at an anemic 2.6 percent rate. Should the federal government have pursued a more expansionar...

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