Speculation on economic consequences of a congress split

Assignment Help Macroeconomics

Reference no: EM1373747

Determine what situation would our economy be presently in and what type of stimulus and healthcare package would we be seeing if, through a silly quirk of fate:
a) The Prez was from Arizona, the Vice-President was from Alaska (last years's GOP ticket), and the GOP controlled Congress? Could our economy withstand this scenario?
b) The Prez was Ron Paul, the Vice-President was Dave Letterman, Jon Stewart, Bill Maher, Robin William, Jay Leno, or some other profession comedian who love to poke fun at these somewhat amateur comedians who nowadays pose as our politicians; and the Congress was split between Independents, Libertarians, and Tea Party candidates? Could our economy withstand this scenario?
Be specific with your answers....use sound economic theory and thought; and of course whatever economic comedy you care to inject.
Feel free to answer this question at your convenience throughout the week. Really interesting things to consider, especially if we add the question of what would our economy look like 4 years from now under the policies of the above options (a) or (b).............Interestingly, just to see what would really happen in 4 years I would like to give option (b) a shot at it.....

Reference no: EM1373747

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