How did the federal government respond to the economic collapse ...

[storky111]

How did the federal government respond to the economic collapse in 2008? How does the government's response fit in with various theories of economic policy?
 
  What will be an ideal response?

Question 2

Draft an argument in support of the idea that the Supreme Court should ignore public opinion. Use at least two cases discussed in the chapter to illustrate your argument.
 
  What will be an ideal response?

[juiceman1987]

Answer to Question 1

An ideal response will:
1, Discuss specific pieces of legislation that passed following the economic collapse. For example, President Bush and Congress passed a 700 billion financial system bailout in 2008 . A year later, Congress and President Obama passed the 787 billion American Recovery and Reinvestment Plan to encourage growth and create jobs. President Obama also promoted bailing out the automobile industry.
2, Discuss whether or not the economic stimulus bill worked in helping the economy.
3, Discuss how partisanship and ideology might have influenced the passage of legislation aimed at helping the economy or opposition to it. For example, both Presidents Bush and Obama supported spending over 700 billion to help stimulate the economy, even though they were members of different political parties. Since then, Republicans and Democrats have not been able to agree on how to help the economy recover. For example, President Obama's jobs bill has not been supported by Republicans in Congress.
4, Discuss how Republicans and conservatives are more likely to support laissez-faire economic policies. That is, according to this perspective, government should stay out of the way and let the market sort itself out. Discuss how both presidents Bush and Obama altered fiscal policy in order to try to stimulate the economy. Both presidents cut taxes in an attempt to improve the economy. President Obama also sought to spend money to jump-start the economy.

Answer to Question 2

An ideal response will:
1, Discuss the importance of an independent judiciary in ensuring justice.
2, Explain that public opinion will generally reflect the opinions of more powerful majorities who are unconcerned with the rights of the minority.
3, Discuss a specific case in which the court ignored public opinion in favor of other important valuesexamples include Brown v. Board of Education or Roe v. Wade.
4, Discuss a specific case in which the court followed public opinion and the result was unfair or unjust, such as Korematsu v. United States.