Economic Policies and the Carter Administration

By the end of the 1970s, the national government, several state governments, and more than 100 major individual(a) sector corporations had adopted ZBB (Austin & Cheek, 1979).

ZBB requires calculateing entities to start over each monetary year by justifying each item in its budget. This cost is counter to budgeting concepts that allow items to remain unchallenged in budget once in the budget of an entity. President Carter's economic physical object of this approach to budgeting was eliminate unnecessary and wasteful spending from the federal official government, reduce the federal budget famine, and ease pressures on raise rates, capital availability, and inflation in the general economy.

In the instruction and implementation of pecuniary constitution, both the President and the Congress likewise can affect interest rate levels. Heavy deficit spending places pressures on the capital markets, which, in turn, often conduct to interest rate increases. In the early-1970s, the Federal Reserve loosened the money supply, and President Nixon and the Congress increased federal spending, in policy actions designed to create a depressed economy. The first gear Arab Oil Embargo sent prices up and the economy take in the first-half of the 1970s. The Federal Reserve acted to control inflation, and those actions raised

Freeman, B. M., & Mendelowitz, A. I. (1982). Program in search of a policy: The Chrysler contribute guarantee. Journal of Policy Analysis and Management, 1, 443-453.

President Carter's fiscal policies were designed to stimulate economic activity, which in turn would stimulate employment in the American economy. While the fiscal policies of the Carter government activity were sound, fiscal policies do not exist in a vacuum. Other events (the Second Arab Oil Embargo, servicing the national debt, and immaterial policy issues) had the effect of nullifying some of the intended outcomes.

During the Carter plaque, the efforts of the Department of nil focused on (a) the development of alternative energy contemporaries sources (solar, wind, geothermal, and so forth), (b) alternative energy sources (synthetic fuels, biomass, and so forth), and (c) energy conservation. The American public in the last-half of the 1970s generally was not implicated (Schweitzer, Carnes, Soderstrom, & Braid, 1983). One consequence of the disinterest then is an even worse energy situation for the United States today, and the American public (for the closely part) remains uninterested in conservation and alternative energy sources.

Council of Economic Advisers. (1991). Economic Report of the President. Washington, D.C.: United States Government make Office.

Austin, L. A., & Cheek, L. M. (1979). Zero-based budgeting: A decision package manual. New York: AMACOM, 1979.

As it happened, the Carter Administration saved the Chrysler Corporation through the Chrysler Corporation Loan pledge Act of 1979, and Lee Iacocca took all of the credit never acknowledging that he was just another overpaid CEO who happened to benefit from a loan guarantee (Freeman & Mendelowitz, 1982). None of the $2.1 billion in benefits (third-party loans and wage roll-backs) to the order would have been possible without the $1.5 billion in loan guarantees do possible by the Carter Administration, and, with $3.6
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