Developing Public Policy to Address Economic Crisis

Instructions

Research the public policy response to the 2008 economic crisis. Select a public policy such as the American Recovery and Reinvestment Act (ARRA), the Troubled Asset Relief Program (TARP), or any other public policy that was developed to address the 2008 economic crisis.Write a 700- Microsoft word paper in which you include the following:        Describe the purpose of the public policy.        Identify the key policymakers for the policy.        Analyze the strengths and weaknesses of the policy.        Explain if the policy was effective. Provide examples to support your assertion.        Detail how special interest groups and the media may have influenced your chosen policy.Format your paper using headings as part of structurally organizing information.  Format your paper consistent with APA guidelines using in-text citations and at least 4 peerreviewed sources, one must be the course text. 

Answer

The American Recovery and Reinvestment ActPurpose of the public policy.The year 2008 is considered as one of the most difficult financial year by the economist and other policy makers. It is during this year that the world experienced financial crisis that was attributed to the economic recession by world largest economies such as the United States of America, China and others. The occurrence of the economic recession adversely affected the households and businesses leading to distress. Thus the government was forced to intervene and in the process developed bills that would help the economy recover. Through the help of the United State Congress, Former President Obama was able to launch and implement The American Recovery and Reinvestment Act of 2009 also known as the ARRA. The bill main...
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