ECONOMICS

(a ) How successful has the government , and the Federal Reserve been in running the American economy over the last 3 years

As the headlines in today 's newss all around the world show , there is a global economic slowdown . Economies all over the world are being plunged into what is tentatively being called Recession ' While there are those who believe that this is simply an expected trend given the rapid growth of the global economy , it still does not detract from the fact that it is an urgent and pressing problem . In to

address this problem , several governments have issued massive bail-outs and laws designed to manage the system . In line with the principles of Keynesian Economics , it seems that the government is the only player capable of solving this problem . It is this government intervention through the Federal Reserve , led by Ben Bernanke , that is touted as the solution to the country 's , if not the world 's , economic problems

The problems , however , have long been detected are can be clearly seen in the reasons why the United States economy is currently entering a recession . Problems such as monting public debt and pension underfunding have been caused by the poor monetary and financial policies that the Federal Reserve and the National government have planned . The first problem , Pension Underfunding is a very large problem for the American Economy . According to certain independent studies , the underfunding that large companies have done for the pension plans will result in a...