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

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

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dc.contributor.author Kincaid, John
dc.date.accessioned 2012-02-01T18:57:18Z
dc.date.available 2012-02-01T18:57:18Z
dc.date.issued 2010
dc.identifier.citation Kincaid, J. (2010) "The global financial crisis: Continuity in U.S. federalism." L'Europe en Formation 358: 15-32. en_US
dc.identifier.uri http://hdl.handle.net/10385/898
dc.description.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. en_US
dc.publisher L'Europe en Formation en_US
dc.title The global financial crisis: Continuity in U.S. federalism en_US
dc.type Article en_US

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