outline8 - POLITICAL SCIENCE 149: TOPIC 3/LECTURE 4...

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POLITICAL SCIENCE 149: TOPIC 3/LECTURE 4 (OUTLINE #8) The Associational Regime in an Era of Republican Ascendency (II): Halting Movements toward Macroeconomic Management I. Managing the macro-economy: Counter-cyclical fiscal policy A. The Report of the President = s Conference on Unemployment (1921) 1. A call to study ways to deal with the economic depression and unemployment brought about by the end of World War I a. Hoover expresses belief that these problems can be solved without an obtrusive (greatly expanded) federal presence 1) flattening out the business cycle a) the strategic use of public works expenditures (1) the 10 percent rule B. The limited role of the federal government 1. An associational strategy for state and local government a. Voluntary, coordinated action by (principally) non-federal governmental actors 1) Federal government to put up only 15 percent of funding for public works spending. a) Local government closer to needs of community
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outline8 - POLITICAL SCIENCE 149: TOPIC 3/LECTURE 4...

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