Economics Of Eisenhower

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for cutbacks in the spending on these programs. Unfortunately for them the
newly elected president was not opposed to the programs Truman had began and
improved upon. Over the course of his administration Eisenhower often did not hold the
same opinions as some of the members of his party.
As the Chief Economic advisor to the President of the United States there are
many different issues which I must consider. These issues are both large and small,
foreign and domestic, and affect the upper, middle, and lower classes. At this point in
time there are several important concerns which I have. The Korean War is ending and
this is going to have a profound affect on the economy of the United States. During the
war the country was prosperous but afterward there is always a high risk of increased
inflation and an increase in unemployment. These conditions have the ability to cause a
recession. Now that an armistice has been reached in Korea, a recession is beginning ...

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the amount of money being spent on such
programs or at least curtail the yearly increases. However, there are times when a
political leader must make their own decisions and not base the way they run their
administration on the influences from their party. It would be better for the economic
health of the nation to maintain all of the social programs started under the Roosevelt and
Truman administrations. While this would normally pose a problem to the federal budget
it will not due to current conditions. The amount of money formerly spent on national
security, meaning military and defense spending has been severely reduced (Albertson,
139). This frees up a large amount of ...

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