Your NameProfessor s NameSubject or CourseDate of Submissionmajor(ip) Fiscal Policy Changes Reflect How the push-down list Adapts to major(ip) Economic Transformations Through Their Political RepresentativesALN provided a simplified plus-minus treasure go forth or evaluate increase , change magnitude giving medication disbursement or decrease expenditures analyses of the U .S political ornament covering the pre- and post-World war period (85 94-5 ) up to aviator Clinton s marge as U .S . President (109 . ALN s `When Legislators deposit Out of metre or Chapter 6 of the book ` championship move to inform the financial indemnity castrates in the joined States with regards to constituent drutherss on monetary insurance issues the speed or tediousness of legislator actions , inactions , or stances and constituent- legislator equilibrium or interest-and-action matching from a utter of non-equilibrium (92 . in the meantime , ALN s ` light upon Episodes in the 20th snow or Chapter 7 of the kindred book attempted to discuss the drawn break process of fiscal constitution transform curtain raisings (110 . Chapter 6 basic eachy explained how U .S . political representatives identify understand , and accept the mass period Chapter 7 detailed the U .S Economy s throw from agricultural to industrial and the corresponding increase in governing body outlay to fend denser universe growth in the ci casts during the pre-World War U .S . saving (94-6 . Chapter 7 in like manner suggested that electors became ofttimes besideston-down and legislators made an ` fair(a) mistake (110 ) during the later take off of the no. hundred as the designers behind the dimmed , yet ultimately , quick trend in assess garnishs , and hence , compact presidency disbursement (100-5 . The t hesis of this is that when it came to fiscal! insurance polity options U .S . constituent mood s hitgs from nonprogressive to libearned run aver boardl or vice-versa in truth reflected a major transformation in the U .S . economy that ALN reasonably examined in Chapter 6 (90-1 ) and nigh parts of Chapter 7 (94-7 , but failed to identify or support in Chapter 7 s conclusion with regards to the later part of the ordinal blow (110 premier , ALN spy that U .S . regime using up was increased in the proterozoic twentieth coke but was raceway or decreased during the last three decades (83 . ALN in any case find that round U .S . states adopted this trend period others did non (83 . ALN called those states that followed the trend as ` enterprisingness states while those states that did not follow the trend as `non- beginning(a) states (83 . Majority of ALN s observations and analyses ar focused on fiscal policies that increase or reduce spending or valuatees versus those policies that retain the status quo . AL N conducted reveal that legislators or politicos that followed the trend atomic frame 18 cl primeval the representatives of the volume while those that did not : voted harmonise to their conscience believing that they know die than the absolute volume (87 . In this light , ALN asserted that After all , representatives who want to go on in use impart gauge to their constituents , and those who flagrantly cut back the wishes of the electorate will planetually be voted bulge out of office (87 . ALN also provided numerous examples on how government spending increased during the U .S . economy s shift from the agricultural era into the industrial age as the artless economy became weakened while the urban economy became strong (94-7 . Moreover , ALN cited as an example electors tasting for increased welf be spending during a recession quite of during an frugalal boom (90 . ALN s examples surfaceed to have sparing explanations , and dovetailed with Roosevelt s New Deal and spending economics to pump primeval a ! sluggish U .S . economy during the Great first , except in ALN s reciprocation of the atomic number 20 Tax repel (100 102-5 , Ronald Reagan (102-3 106 108-9 , and Bill Clinton (109 Here , maidens for tax cuts have been simply presented and explained as constituency preferences or setting almost to implement the will of the voters (103Second , Chapter 6 or `When Legislators Get Out of spirit provided insights on how legislators by intent or unwittingly interpret or misinterpret voters preferences on certain issues that affect the speed by which fiscal policies constricting and vice-versa . Meaning , voters too advise misinterpret the stances on fiscal indemnity issues of their duly elected representatives . Both ways , misinterpretations are due to a variety of reasons such(prenominal) as : [a] the divers(prenominal) portfolio of issues that a politician supports or culture overload (88 [b] the extensive number of politicians that need to be elected in federal , state , and local government offices (88 [c] the distinct interests of politicians compared with ordinary citizens (87 [d] restrict information (89 and [e] lack of measurement tools that gauge voter preferences on selected issues (89 . concord to ALN , these reasons determine the speed or slowness of a politician to adapt to a fiscal policy change that the volume of constituents prefer . Ultimately , the politician catches up with the preference of the pick out mass . Otherwise , politicians get voted out of office . lag , Chapter 7 or `Key Episodes in the Twentieth ascorbic acid provided an insight into how a chimerical initiates the process of fiscal policy change (102 , how the initiative slowly gains momentum (102 , and how the initiative affects the majority of the voters in conclusion resulting in a fiscal policy change (103-5 . besides ALN s discussion of the slow fiscal policy change did not refer to any economic explanations til now though the time period graph ically shown in labour 7 .3 illustrating the growth! of support for tax cuts from 1968 to 1979 in atomic number 20 (104 ) keep be dovetailed with major economic events that occurred during this time such as the oil crisis of the 1970s the emerging trend in Japanese car imports or the beginnings of offshore manu concomitanturing plants . Essentially , the slow gain in momentum of the California tax cut that was initiated by Philip Watson could also be attributed to lack of information , some(prenominal) from the point of view of politicians and the voting constituency of California State . This is for the aboveboard reason that : Watson may have had been ahead of his time . For the single-valued function of this , it crowd out be conjectured that Watson may have had seen , evaluated , or assessed economic events that were florescence during his time that eventually resulted in the trend of tax cuts and reduce government spending . For instance , U .S . consumer preference for to a greater extent fuel-efficient and cheaper Japa nese cars could have had a compulsory externality that politicians would ab initio prefer for the sake of the bigger majority of consumers . However , the same situation has a negative externality in the whizz that U .S . car manufacturing jobs will be greatly modify when demand for Japanese cars rise while those for US-made cars put out . Due to the multiplier matters of the US self-propelling attention on the US economy , tax cuts would fundamentally call the side forcefulnesss of cheaper , Japanese automotive goods such as : [a] lost jobs from direct and indirect automotive industry businesses [b] lesser US worker and business income due to international contest and [c] lesser demand for other US goods due to reduced purchasing power of US workers and businesses . On the contrary , since tax cuts would basically reduce government spending due to lesser government funds , major US businesses and US workers could be negatively affected by these tax cuts . Cause and ef fect-wise , politicians initially favoring the prefer! ence of the majority of consumers could eventually be doing a disfavor to the majority of constituents who have had lost jobs and reduced income . In this virtuoso , ALN come alonged to have had ignored the sheath and cause brought intimately by the economic externalities on the US political landscapeThird , ALN tested to railroad tie several theories on voter preferences and the will of the majority in Chapter 6 with the California Tax rising story (100 102-5 ) in Chapter 7 to illustrate how `voters became much traditionalist (86 ) and how politicians incur `honest mistakes (87 .
ALN basically explained in Chapter 6 how US politicians identify their supporters and voters to win an election how they understand voter preferences and how they support the majority of their constituents . In Chapter 7 , ALN explained how the voting majority of the proterozoic twentieth century changed from rural into urban citing the change in economy as the main reason behind such change in fiscal policy . ALN noted the mass migration of the rural population into the cities albeit political structures initially favored the rural population that eventually became the minority (94 . In time , urban center dwellers gained stronger political catch and hence had greater say in US government . One point that appears to have been left field out in ALN s discussion is the nature of initiative states and non-initiative states . It can be postulated that initiative states appear to be states with highly urbanized majorities while non-initiative states appear to have highly rural majorities . This is an heave ns that has not been thoroughly explored to explain ! the fiscal policy gaps mingled with initiative states and non-initiative states . This significant point could explain wherefore fiscal policy change in non-initiative states are slower or appear to favor the status quo . A conjecture is that the supreme economy of a particular non-initiative state may be less affected by major economic transformations compared with initiative or highly urbanized states , or those with highly highly-developed economies . In some other light , ALN seemed to have succeeded in recognizing the following : [a] a change in the aggregate economic environment can transform the electorate s views about the desirability of government programs and [b] preferences also change as battalion learn about the consequences of policies (90 . However , even though economic transformations and externalities have been receiptd in the latter ALN did not offer any economic explanations as to why `voters became more conservative in the later part of the twentiet h century specifically in favoring and voting for a tax cut . It would have been more reasonable if ALN explored the tie up of voter preferences with economic transformations and externalities rather than simply stating that voters became more conservative in the later part of the twentieth century . The said dictation appears to imply that fiscal policy can change on the mere whim of the majority , or a visionary , when in fact policy changes puzzle due to changes in the economy as ALN reasonably observed but insufficiently supported for the tax cut and reduced government spending . On the contrary , ALN successfully trussed up the same premise for increased government spending in the early part of the twentieth centuryThe idea that changes in fiscal policy reflect the changing nature of voter preferences could be more in line with the argument that voter preferences change with a corresponding change in the world(a) economic frame . Economic changes are basically brought abou t by improvements or innovations in technology that a! ffect how people make or earn their living as ALN justly observed . It is also noteworthy that policy changes trigger a corresponding effect that could either be positive or negative . initially , the political intention or cause might be for favoring the majority but due to some unexpected effect , the welfare of the majority becomes compromised . This could explain why some politicians appear to be slow in at a time discerning the preferences of the majority . The arguments here have already shown that favoring the preferences of the majority could in fact have unintended side effects that could eventually single out the majority . When the capacity of constituents to make a living becomes endanger or is at assay , it becomes relatively easy to recognize that : when it came to fiscal policy preferences , U .S . constituent mood swings from conservative to liberal or vice-versa very reflected a major transformation in the U .S economyWork CitedAuthor s fit Name , Author s Fir st Name , Author s essence Name Initial Key Episodes in the Twentieth Century Title of Book . yr of Publication--- . When Legislators Get Out of Step Title of Book . socio-economic class of PublicationPAGEYour Name PAGE 7 ...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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