The global financial crisis: Continuity in U.S. federalism

DSpace/Manakin Repository

The global financial crisis: Continuity in U.S. federalism

Show full item record


Title: The global financial crisis: Continuity in U.S. federalism
Author: Kincaid, John
Abstract: This article describes briefly the impacts of the U.S.-originated global financial crisis on the national, state, and local governments in the United States and then examines the stimulative and regulatory responses to the crisis undertaken by the federal government under Presidents George W. Bush and Barack Obama, while highlighting the polarization between Democrats and Republicans over how best to respond to the crisis. Government efforts to rejuvenate the national economy have not been very successful. Unemployment is likely to remain high and economic growth is likely to be slow for the foreseeable future; however, the prospects for the future of fiscal federalism are gloomy. Nevertheless, thus far, the United States has responded to the crisis through the traditional institutions and practices of its federal system, and the crisis has not produced any significant changes in the form or functions of American federalism.
URI: http://hdl.handle.net/10385/898
Date: 2010

Files in this item

Files Size Format View
Kincaid-EuropeenFormation-2010-p15.pdf 132.9Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record

Search LDR


Advanced Search

Browse

My Account