Examples Of Government Intervention

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It could be argued that medical breakthroughs, technological advances, and various other advancements surpass politics in importance. I, on the other hand, argue that politics determines if such achievements benefit the people. Each country’s greatness is inherently dependent upon its politicians to make wise political decisions that will allow the entire nation to prosper. This is especially true in America, where democracy allows citizens to choose their leaders. In November of 2008 and 2012, Americans used this democratic process to elect Barack Hussein Obama II as their president. Like every other president before him, Barack Obama is by no means perfect. There have been times within these eight years where the hope-and-change mantra …show more content…
Government intervention can directly address these issues, ensuring assets are not unequally allocated. The government can and should also intervene to promote general economic fairness. Through taxation and welfare programs, the government can relocate money from the wealthy to those that need it most. Other examples of governmental intervention include methods to minimize damage caused by recessions and inflation and employment laws to protect vulnerable members of populations. In the past, many laws and regulations enacted federally have shaped the U.S. economy. Food manufacturers, pharmaceutical companies, automobiles, etc. are all subject to government regulation that protects consumers (University of Groningen, 2012). In order to ensure their own safety, the people should not demand that the government stop doing its job, but rather that it does its job …show more content…
When the President took office in 2009, the economy lost 850,000 jobs per month (Alter, 2016). If we had continued on the same path, with no government intervention, we would have found ourselves in the middle of another “Great Depression” by the end of that year. Even as a novice senator, Obama advocated for a $700 billion dollar bank bailout. Then, as president, he administered stress tests that helped banks return to solvency. Within a short period, all the bailout money had been repaid to the government, with interest. The President then saved more than a million jobs in the auto industry by bailing out General Motors and Chrysler. One independent study noted that this intervention in the private sector may have been the “most successful intervention in U.S. economic history” (Boehlert,

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