01 Aug economic and political issues of the November 2010 elections
Order Instructions
In November 2010 Democrats suffered enormous political losses across the country; in Washington Democrats lost 63 seats in the House of Representatives, thereby becoming the minority party in the House, and 6 seats in the Senate, where the Democrats managed to maintain a slim majority.
In this Forum we will outline some of the key economic and political issues of the November 2010 elections.
Q1. . 200 WORDS**:
Select ONE of the key issues listed below and comment on how this issue (or some sub-issue or idea) influenced the election. You may also focus on one particular concept, policy or event related to one of these “big issues” if you wish. Try to initiate a class dialogue so that students are able to achieve an overview of some key issues–issues which are still with us today.
ORECLOSURE MITIGATION AND ECONOMIC PHILOSOPHY
In Chapter 12 Blinder outlines the many programs initiated to mitigate foreclosures in 2009-2010. On such program was the Making Home Affordable plan (which included The Home Affordable Refinancing Program and The Home Affordable Modification Program). In reaction to the announcement of this plan by President Obama on February 18, Rick Santelli, a CNBC commentator provided the following response:
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