The stimulus economic package of President Barrack Obama was approved by Congress in February 2009. This package was calculated to stimulate economic growth and save up to 2.3 million jobs. As of October 30, 2009, 640,329 jobs had already been saved by this bill. The package was to be put into effect over the next ten years. An easy explanation of (Quantitative Easing) QE is that it is an irregular monetary policy that is put into effect by Central Banks to revive the economy by purchasing financial assets to inject a certain amount of money into the economy. This is quite different from the usual financial policy of dealing in government bonds to maintain interest at a specified level.
The struggle between dictatorship and democracy was long due because of the suffering of the European nations in which autocracies were in power ever since the formation of these countries i.e. Russian Federation, Germany, Italy etc.
The American voter feels alienated because he does not understand what is going on and Richard Harwood (1996) suggests that this is so because the newspapers fail to speak his language. He is more like Lippmann’s back row deaf spectator who though, has a vague sense of being attached to a system, but does not actually understand the working of that system. The fact which is clear enough for the average man and woman is that political power is as unevenly distributed as wealth in our democracy and this further alienates them from politics.
There have been many long and controversial debates on the success or failure of the war against terrorism in the entire world. The general public holds a mixed opinions and viewpoints indicating that this issue has been a partial success and partially a failure. Before giving my opinion, I shall have to go through and present certain reports, researches and other relevant news in order to satisfy the authenticity and illustrate the validity of the opinion and make it more evident.
The ratification of the Constitution was in the hands of old Congress. It had the power to block or expedite the ratification process. The document which was presented in Philadelphia Convention was initially just a revision of Articles of Confederation.