This cartoon is a prime example of what happens when a trickle-down economy fails to work. Trickle-down economics is anti-liberal as it is a form of government intervention in the economy. As the government tax the wealthy less they provide no benefit for the country, they are only widening the gap between the rich and the poor. By widening the gap they are restricting the political and economic freedom of the citizens. This restriction on the citizens goes against two of the three freedoms (social, economic, political) classical liberalism was founded on.
Hoover’s assertions accurately portray the conservative ideals of the federal government adopting a laissez faire policy towards the economy. In addition to encouraging a laissez faire attitude, Hoover hesitate din passing legislation to bring about reform and relief to the economy and citizens who lived in squalor. Again, President Hoover emphasizes that it is the responsibility of private, state and local government to pass legislation pertaining to helping individual citizens (Doc B). Furthermore, Hoover sympathized with businesses rather than the common man, a commonplace in the right
Economic/Political Analysis Are the poor and the wealthy equally concerned about the “freedom from fear”? Compare and contrast both speeches to answer this question. Unlike President Obama in President Roosevelt's speech the poor and wealthy are equally concerned about the “freedom of fear.” Truth be told, there are many things in this world that a lot of people may fear, the dark may witness one of your darkest secrets. According to Theodore Roosevelt “We don't have to fear anything in this world, but fear itself” so lets not sit back and wait on someone to take action first just because you're not as wealthy as others don't mean you can't have any contributions in this world. In one of Roosevelt's speeches he said “You don't have to have money to be happy happiness comes from achievement“ which was absolutely right, money don't bring you happiness, because you can be as depressed as people without money.
I believe that this concern should be left to the company owners as individuals. Personally, I don’t agree with the fact that the way America gets other countries to bend over backwards is by threatening to cut off financial business ties. I feel that America is trying to gain control of the world by doing so. However, I do agree that any sort of discrimination is unethical and should not be tolerated. That is something that each countries governments should have control over, not a foreign country that threatens to cut off business associations.
Radicals believe that capitalist profit from consumers, who are being exploited. In relation to the bill, radicals would say it’s the capitalist who are destroying the environment and disregarding human presence all in the name of profits. Radicals would approve of the bill as it would put an end to exploitation. But it does not completely comply with their views. A radical solution doe not exist in a capitalist society, but can only work if capitalism no longer existed.
Stockman finds these banks “too big to exist.” Ryan believes the taxpayer’s money deposit should be handled by the states not the federal. Stockman disagrees, he finds it to difficult to manage internally and externally; he believes the bank should broken up by a higher authority. He thinks it would be better if Ryan looked back to the times of restoration of “Glass-Steagall, Depression-era legislation that that separated commercial and investment banking.” Stockman brings up the ideal way to reduce or eliminate Social insurance benefits. He strongly believes the government should make changes on the income based eligibility test to reduce or eliminate the need to give Social insurance to millions of people. This would avoid tax increase issue.
While at a glance each of these programs may seem harmless, Dr. Spencer illustrates why he believes America’s economy is declining because of the current system. Dr. Spencer states,” The most useful role of government in the economy is to make sure people –especially companies and businesses-play by the rules.” Anti-trust laws for example provide rules that prevent monopolies in the market. Many of the programs the government enacts stall the natural effects of supply and demand that drive a free market and are in fact monopolies. As is
He mentions the relating between shrinking the stock of legally purchased guns and people self defend. The public opinion in this point is dangerous to shrink that. They believe should not be to reduce the carry of firearms, but put an end to them being carried by criminals. The government and public goal
Hoover’s economic philosophy was restrictive monetary policy and free market. Restrictive monetary policy is limiting currency to prevent inflation. In other words, not putting money into circulation or giving out loans to protect the value of the dollar. If not many people have money the value of the dollar goes up. Care for yourself and don’t depend on the government was his belief.
Higher unemployment rates lead to a more devastating economic crisis resulting in the failure to re-elect a democratic President or more precisely, our current President. These “truths” are not openly admitted to the general population and one can argue that they do not serve to benefit the good of the people of this economic state but rather benefit the political party. One can argue that politicians are mainly focused on their personal success but aren’t all of us