Possibly the most important showdown was the debt-ceiling fight of August 2011. It “threatened the country's ability to meet its financial obligations and resulted in an unprecedented downgrade in the U.S. credit rating by Standard and Poor's. The subsequent failure of the bipartisan super-committee to reach a deal on $1.2 trillion in targeted budget savings over ten years unleashed automatic spending cuts for both defense and non-defense spending”
There were fixed levels of oil production October and the 1973 Yom Kippur War prompted OPEC to declare an oil embargo, and exports suddenly stopped , as well as prices rocketed to 4 times usual price, as a result in Britain there long queues outside petrol stations. This was worsened with NUM then demanded a huge pay rise in November 1973, causing 3 day weeks in Britain. Something that the administrations of both men suffered from were tensions with the trade unions, with both Wilson and Heath had similar polices which was consequently a disaster for both PM’s. Trade Unions had come to wield such influence due to post war consensus politics and were important in maintaining full employment, as well as being very favourable with the some of the public with opinion polls in the 1960’s showed 60% people had favourable view of them. The trade unions became a problem when real wages for workers was decreasing and the price of goods was increasing and as a result Wild cat strikes broke out and this presented issues for both governments and trade unions.
Seemingly the most significant event to my Dad, the Kennedy assassination consumed the majority of the conversation. In the days following Kennedy’s death, he expressed the country to be in a stand still. The mere thought of a president being assassinated seemed to be such an absurd idea that the nation was in shock. Church memorials and the transportation of the President’s body across the country seemed to consume the media for the next few weeks. However, as the United States was recovering from the devastation, they began to worry about their future under Lyndon Johnson.
Running on Empty Running on Empty: How the Democratic and Republican Parties are Bankrupting Our Future and What Americans Can Do About It In this book P. Peterson reminded the Bush aide that the United States faced a frightening long term balance sheet. This is the same scenario we have heard before but now we are living it. “As more than 70 million baby boomers begin retiring later in the decade, the Social Security and Medicare programs are destined to sink into multitrillion-dollar deficits, causing enormous hardships for younger Americans. Bush had a chance to avert disaster, Peterson told his aide. By using the immediate surpluses to fix the looming crisis, the new president could possibly solve "one of the largest fiscal challenges
The Common Dissent After a thirty-year presidency, Porfiro Diaz’s centralized agrarian policies favoring the elite haciendas had caused formidable rebellions in the North and South of Mexico. Diaz established many new technologies and industries only to appeal to the greater European investors. These industries, such as mines and sugar plants, robbed the people of their land, dehumanized working conditions and cut minimum wages resulting in major dissent among the suffering middle class. By October of 1910, during Madero’s release from prison, militant rebellions led by local leaders erupted in the North and South states killing several units of Federal troops. Separated geographically, Poncho Villa in the North and Emiliano Zapata in the South contrasted in both their origin and military strategy, while
Watergate captivated Americans and kept them wondering what the truth behind the Presidential scandal was. It took several years for President Nixon to be finally connected with and implicated as being part and behind the largest political scandal in history. On threat of impeachment, President Nixon finally decided to resign has President of the United States. The Watergate scandal went down in history as one of the largest Presidential and political scandals of all time.
In the early 80's, there was evidence of military corruption. WAI, short for War Against Indiscipline, uncovered corruption in the ranks of government and society. In the 90's, the government allowed old politicians to the presidential election. Such politician bought with them illegal activities, corruption, and violence. Preceded by the presidential election, it was annulled and a riot took place resulting in violence and death.
"The 2008 Presidential election campaign demonstrated America’s ability to balance key foreign and domestic issues with its democratic values." Discuss. In the eight years prior to the 2008 US election, the Bush (Jr.) Administration introduced many new factors to the US political spectrum that would not have been anticipated prior to that Administration. The September 11 2001 suicide attacks which killed many people and destroyed buildings in central New York triggered George Bush of the Republican Party to begin the ‘war on terror,’ entering Iraq on the false pretence of it possessing ‘weapons of mass destruction.’ In the following years many US and international soldiers died in the war which also cost the country financially. The ‘sub
Samuel Guarino Mrs. Braniger English Composition 1 20 March 2015 Prohibition: Then and Now It will be forty four years in June since President Richard Nixon declared a “war on drugs,” identifying drug abuse as “public enemy number one.” A lot has changed over the course of these four decades in our society but our Federal Government is still fighting this losing battle that costs tax payers billions of dollars every year, a number that only continues to grow. Years from now our countrymen will look back on these days and see this “war on drugs” as the same failed experiment that the prohibition era was. Both prohibition of alcohol and the “war on drugs” have similar beginnings they were brought about by the urge of politicians to curb crime
And su ragists, after decades of political activism, succeeded in getting approval of a constitutional amendment in 1920 that gave women the right to vote. The good times did not last. The value of many stocks, which had become arti cially in ated, fell dramatically in October 1929. Over the next three years, the business recession in America became part of a worldwide economic depression. Businesses and factories shut down, banks failed, farm income dropped.