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MACROECONOMICS: The Effects of the Politics on Fiscal Policy over the Last Seven Business Cycles

Jennifer Johns

Principles of Macroeconomics
Dr. Jean-Rony Lafalaise, DPA
April 22, 2004


Abstract
Being an election year, all you hear is the incoming presidential nominee bashing the policies of the current president. Of all of the administration policy, his economic stance, the health of the economy under his administration, and this fiscal policy are among the most prevalent. Does the possibility of losing an election affect how administration reacts to a recession? This paper shows that out of the last seven business cycles, during the last five politics does not seem to be an issue when administrations consider what needs to be done to boost the economy. Though Kennedy and Nixon both tried to use fiscal policy to further their own position and ensure reelection, the administration of late have understood that the economy is not a reelection tool and that what ever......

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Approximate Word Count: 3150
Approximate Pages: 13 (250 words per double-spaced page)

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