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Fighting out of a Recession

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 expansionary fiscal or monetary policy to stimulate the economy during 1990 and 1991?

President Bush’s own CEA, with the benefit of hindsight, thought that a more expansionary policy would have stimulated economic growth without setting the fires of inflation ablaze. As the 1992 election approached, the Fed eased interest rates to stimulate the lagging economy. But poor economic performance cost George Bush his job.

Several factors contributed to the economic weakness which plagued George’s Bush presidency.

First, European and Asian states were hit by recession, meaning that our largest trading partners were buying fewer goods.

Second, cuts in military spending hurt communities where bases were closed or military suppliers lost orders.

Third, construction was slow because of the glut of commercial real estate built during the 1980s.

Fourth, low birth rates in the late 1960s means that fewer young families were forming households, building homes, and buying appliances.”

This is exactly what the Kennedy Proposal inhibits, an Expansionary Policy. To save our economy, we as a people must invest. But what is there to invest in? Why not invest in ourselves, into our grandchildren’s grand children?

Why not invest our time and effort into something the majority of us want and what the majority will benefit from?

To be honest, the insertion of the Kennedy Proposal comes at the cost of the FBS student-athlete resting periods and study sessions; however, in the end, they are still NCAA student-athletes, and if some NCAA student-athletes have to compete during finals, than these NCAA student-athletes should compete during finals.

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