Wednesday, February 29, 2012

Homework 3.12 (Assigned 3/1)

A.  Read the Linked Article

1.  According the Bernanke, what are the limitations of monetary policy?
2.  Why has Bernanke kept the interest rate "near zero" since 2008?
3.  Do you support the continued use of monetary policy to steer the economy?  Do you believe the economy has the ability to steer itself?  Why or why not?

Tuesday, February 28, 2012

Homework 3.11 (Assigned 2/28)

A.  Follow this link.   Complete FRQ #3 (You MUST choose Federal Reserve Board).

Monday, February 27, 2012

Homework 3.10 (Assigned 2/27)

A.  Read This Article.

1.  According to the author, what is the government's reasoning for implementing quantitative easing?

2.  Define "quantitative easing."  Is it a monetary or fiscal policy move?

3.  What reasons does the author give to explain the government's meddling in economic policy?

4.  Do you support the author's belief that quantitative easing is a deterrent to investors?  Why or why not?  How might this answer be skewed by a person's belief in political efficacy?

Sunday, February 26, 2012

Homework 3.9 (Assigned 2/24)

A.  Read Chapter on Economic Policy and Complete Flash Cards for the words in the side boxes.

Tuesday, February 21, 2012

Exam Review Chat Wrap 2/21

me: ONE MINUTE. ROLL CALL PLEASE.....
 mills242: here
 phinguyenper.8: here
 Lisa: here
 jennylamx93: here
 anirajones: here
 samaralcancel: Here
 stephanie.tania94: here
 tieraclark: here
 ahoye95: present
 maamarbousseloub: here
7:30 PM me: LET'S BEGIN.
7:31 PM THE EXAM WILL CONSIST OF 31 MC QUESTIONS AND AN FRQ.
  WHERE SHALL WE BEGIN?
7:32 PM mills242: for the civil rights section we just need to know court cases?
 ahoye95: Are there any specific court dates that we should know.?
  court cases*
 me: YOU NEED TO KNOW THE AMENDMENTS (1-10)
  YOU NEED TO KNOW AMENDMENT 14 INSIDE AND OUT.
 mills242: okay
7:33 PM me: YOU NEED TO KNOW HOW THE 14TH AMENDMENT CAUSED SELECTIVE INCORPORATION
  AND YOU NEED TO KNOW SOME RELATIVE COURT CASES.
  SHALL WE TAKE IT AMENDMENT BY AMENDMENT?
7:34 PM mills242: yes
 ahoye95: yes
 Lisa: sure
 mills242: and how did it cause it?
7:35 PM me: AMENDMENT 1: R.A.P.P.S: FREEDOM OF RELIGION, ASSEMBLY, PRESS, PETITION AND SPEECH.
 abell2012@gmail.com has joined
 me: CAN ANYONE GIVE A RELATIVE COURT CASE?
7:36 PM anirajones: sullivan v. NYT
 Lisa: tinker
 me: GOOD.
 tieraclark: TLO v. Ohio
 me: @ TIERA... TLO V. NJ IS A 4TH AMENDMENT CASE.
  LETS SKIP 2 AND 3 (GUNS AND QUARTERING)
7:37 PM AMENDMENT 4: NO ILLEGAL SEARCHES AND SEIZURES.
  RELEVANT CASES?
 anirajones: would veronia v acton count ?
 tieraclark: TLO?
 me: BOTH, YES.
7:38 PM Lisa: mapp v. ohio
 me: MAPP V. OHIO AS WELL. YUP.
7:39 PM ahoye95: fourth amendement is not double jeopardy as well.?
 mills242: thats 5th i think
 Lisa: that's the fifth
 me: 5TH AMENDMENT DOES A FEW THINGS: SELF INCRIMINATION, DOUBLE JEOPARDY, DUE PROCESS, EMINENT DOMAIN.
 ahoye95: okay. thanks
7:40 PM me: WHAT ARE THOSE?
 mills242: double jeopardy cant get trialed for the same crime
 me: TRUE.
7:41 PM ahoye95: eminent domain is the houses being sold to government for propertty?
 me: ALIYAH, YEAH.
 anirajones: ur miranda rights
 mills242: slef incrimation must be read your rights?
  slef
  self
 me: EMINENT DOMAIN IS WHEN THE GOVT BUYS PROPERTY FOR PUBLIC USE (HIGHWAYS, ETC.)
7:42 PM tran.seph@gmail.com has joined
 me: SELF INCRIMINATION: YOU CANNOT BE FORCED TO TESTIFY AGAINST YOURSELF.
  ALSO, YES, MIRANDA RIGHTS.
7:43 PM HOW ABOUT DUE PROCESS?
 mills242: not sure
7:44 PM me: NO ONE CAN BE DEPRIVED RIGHTS WITHOUT DUE PROCESS OF THE LAW... MEANING EVERYONE GETS THEIR DAY IN COURT.
  6TH AMENDMENT ALSO HAS A FEW THINGS:
7:45 PM 6TH: RIGHT TO A SPEEDY TRIAL, IMPARTIAL JURY, RIGHT TO FACE ACCUSER AND RIGHT TO A LAWYER.
 jennylamx93: what about amendments that are incorporated and not
 me: JENNY, WE'LL GET THERE.
 jennylamx93: ok
7:46 PM me: WHAT ABOUT THE 7TH AMENDMENT?
 jennylamx93: trial
  by jury?
 me: YES, TRIAL BY JURY.
 phinguyenper.8: i thought that was 6
7:47 PM oh nevermind
 jennylamx93: was there cases of that
 me: 6 IS A PUBLIC AND SPEEDY TRIAL.
  7 IS "BY JURY"
 abell2012: ohh, yeahq that one will get cha
7:48 PM phinguyenper.8: ok cool, got it now.
 me: ASHLEY. TAKE OFF YOUR OVEN MITTS.
  8TH AMENDMENT?
 abell2012: hey! just a little mishap
 stephanie.tania94: bail; no "cruel and unusual" punishments
 tran.seph: cruel and unusal uynishment
 me: GOOD, GOOD.
7:49 PM REMEMBER 8TH AMEND. ONLY APPLIES TO CRIMINALS BEING PUNISHED BY THEIR GOVT.
 jennylamx93: wait is ex post facto part of this ?
 me: EX POST FACTO IS ACTUALLY IN THE CONSTITUTION PROPER...NOT THE AMENDMENTS.
 jennylamx93: ok
 me: WHO KNOWS WHAT EX POST FACTO IS?
7:50 PM tieraclark: does this have anything to do w/ punishment in school?
  8th amend
 me: TIERA....YES.
  EX POST FACTO?
 stephanie.tania94: a law that makes an act criminal although the act was legal when it was committed
 Lisa: what step said
 ahoye95: you can't have evidence after teh trial
 me: TRUE STEF.
7:51 PM PERFECT EXAMPLE...LAST WEEK I PARKED ON 11TH STREET AND WENT INTO SCHOOL.
  WHEN I CAME OUT, THERE WAS A 2 HOUR PARKING SIGN ON THE BLOCK.
7:52 PM I DID NOT GET A TICKET.
  EX POST FACTO!
  THE SIGN WAS POSTED AFTER I PARKED.
 jennylamx93: mmmhmmmm
 abell2012: you got lucky!
 me: TRUE STORY.
7:53 PM OK OK. 8TH AMEND. NO EXCESSIVE BAIL.
 mills242: any sample ?'s
 me: TERRELL. MAYBE LATER.
  ALSO, 8TH AMENDMENT.....NO "GROSS DISCREPANCY". MEANING THAT THE CRIME AND THE PUNISHMENT MUST BE NEARLY EQUAL.
7:54 PM jennylamx93: ohhh
  ok
 me: LETS TALK 9TH AND 10TH:
 stephanie.tania94: unenumerated rights protected for 9th?
 tran.seph: anything not in the constitution goes the to state?
 me: 9TH: THE RIGHTS INCLUDED IN 1-8 ARE NOT THE ONLY RIGHTS WE HAVE AS PEOPLE.
 abell2012: 9: rights in the 8th does not qualify to everyone?
7:55 PM phinguyenper.8: is 10 anything not mentioned in the constitution is handled by the states?
 me: 10TH: THANKS PHI.
  NOW WE NEED TO JUMP TO THE MOST IMPORTANT AMENDMENT.
  NUMBER 14!
 jennylamx93: citizenshipp
7:56 PM tran.seph: Every american citizen is protected equally?
 phinguyenper.8: due process and equal protection
  clauses
 me: CITIZENSHIP CLAUSE: BORN HERE = CITIZENSHIP
7:57 PM DUE PROCESS CLAUSE: STATES CANNOT DEPRIVE RIGHTS WITHOUT DUE PROCESS (BASIS FOR INCORPORATION).
7:58 PM EQUAL PROTECTION CLAUSE: EACH PERSON GETS THE SAME PROTECTION.
  ....
  THIS IS A BLOCKBUSTER GAME CHANGING AMENDMENT.
  WHAT IS SELECTIVE INCORPORATION?
7:59 PM jennylamx93: what the constitution decides ....
  of
  rights?
 Lisa: bill of rights protected under the 14th amendment
 abell2012: isnt that rights in the constitution has to be in the states constitution??
 tieraclark: is it anything to do w/ enforcement
 Lisa: the states have to follow the U.S. constitution
8:00 PM me: YALL ARE CLOSE....JUST NAIL IT DOWN.
 tieraclark: states have to enforce
 me: ENFORCE WHAT?
 tran.seph: bill of rights
 tieraclark: states enforce amendments
 abell2012: the inclusion of certain rights guaranteed by the constitution into state constitution
 me: THANKS ASH.
8:01 PM BECAUSE OF THE DUE PROCESS CLAUSE, STATES HAVE TO UPHOLD THE BILL OF RIGHTS.
8:02 PM WHY WAS THIS INCLUDED IN THE 14TH AMENDMENT??
 tieraclark: bc states went enforcing certain amendments into their state constitutions?
8:03 PM me: WHAT WAS HAPPENING WHEN THE 14TH AMEND WAS RATIFIED?
 abell2012: because after the slavery states werent giving blacks their equal rights??
 phinguyenper.8: recreating the country
 abell2012: sorry typos
 me: YUP. POST SLAVERY, THE SOUTHERN STATES WERE VIOLATING THE BILL OF RIGHTS.
  GOOD GOOD.
8:04 PM WE COMFORTABLE WITH THE 14TH AMENDMENT AND SELECTIVE INC?
 abell2012: yupp
 ahoye95: selective inc is always aganist the state right.?
 tieraclark: i think
 ahoye95: like Aliyah V PA?
8:05 PM me: ALIYAH....ANY CASE WHERE A PERSON SUES A STATE FOR VIOLATING RIGHTS PROVIDES EVIDENCE OF SELECTIVE INC.
 ahoye95: okay
 mills242@gmail.com has left
8:06 PM me: ALSO WORTH MENTIONING THAT THE 14TH AMENDMENT VOIDED THE DRED SCOTT RULING.
8:07 PM SHALL WE TALK BUDGETARY PROCESS?
 ahoye95: yes
 abell2012: yes
 tieraclark: yup
8:08 PM Lisa: yes
 me: OK..WHO WRITES IT?
 tran.seph: president
 abell2012: prez
 me: PRES...WITH HELP.
  WHO HELPS?
 tran.seph: cabinets
 ahoye95: congress?
 tran.seph: buracrats
8:09 PM abell2012: the bureaucratic
 me: BUREAUCRATS AND CABINET SECS.
  PRES AND BUREAUCRATS WRITE IT.
8:10 PM WHO APPROVES IT?
 tran.seph: chouse of rep
 jennylamx93: i thought they rarely have any
 me: YES, HOUSE OF REPS AND SENATE.
 jennylamx93: oh
  nvm
 me: HOW ARE POLITICS INVOLVED IN BUDGET FORMATION?
8:11 PM abell2012: democrats can buy votes by spending money??
 me: DEMOCRATS?
8:12 PM abell2012: sorry ready it wrong politicans
 tran.seph: buraucrats argue and debate what gets cut and what gets funded?
 me: YOU'RE RIGHT ABOUT SPENDING MONEY.
  SPENDING MONEY = VOTES.
8:13 PM THE PRES WILL TRY TO BUDGET MONEY TO HELP VOTERS THEY ARE TRYING TO WOO.
  CONGRESS WILL TRY TO SHOEHORN PORKBARREL LEGISLATION INTO THE BUDGET TO MAKE THEIR CONSTITUENTS HAPPY.
8:14 PM abell2012: wait in my notes i have politicians spend money to get votes, but then i have politicians compete by trying not to spend money. im confused. which one is better??
 me: WHAT IS AN ENTITLEMENT PROGRAM?
  ASH....
  NOT SURE WHAT YOU'RE NOTES MEAN.
 abell2012: i'll come see ya tomorrow
 me: COOL.
 Lisa: logrolling?
8:15 PM tieraclark: i have no clue
 abell2012: Social security and entitlement program?
 phinguyenper.8: is the entitlement program when your entitled to benefits the government provides under their standards?
8:16 PM me: ENTITLEMENT PROGRAMS: PROGRAMS WHERE WE KNOW WHAT WE'RE GIVING, BUT NOT HOW MANY PEOPLE WE'RE GIVING IT TO: (SOCIAL SEC, MEDICARE, MEDICAID)
  THESE MAKE UP THE BIGGEST EXPENDITURE IN THE BUDGET.
  WHAT IS THE BIGGEST SOURCE OF GOVERNMENT FUNDS?
8:17 PM maamarbousseloub: income tax
 jennylamx93: in the text, it talks about client poltiics, entrepenur, etc. but we didnt discuess those? so dont worry about them?
 tieraclark: welfare?
 abell2012: umm..taxes?
 me: INCOME TAX.
 tieraclark: oh no i meant income tax, read it wrong
 me: JENNY.....NEVER SAW AN AP QUESTION ON THAT.
8:18 PM jennylamx93: ok
 me: WHAT IS DISCRETIONARY SPENDING?
8:19 PM ....
 tieraclark: spending done by congress?
 me: NOT QUITE.
8:20 PM DISCRETIONARY SPENDING IS SPENDING THAT IS UP TO THE PRES AND CONGRESS.
 phinguyenper.8: is that money the president have to spend?
  oh..
 me: MANDATORY SPENDING (REPAYING LOANS, ENTITLEMENT PROGRAMS) ARE NOT.
8:21 PM jennylamx93: hmm.. test samples ?
 me: OK HOLD PLEASE.....
  IN MCCULLOCH V. MARYLAND, THE SUPREME COURT ESTABLISHED WHICH OF THE FOLLOWING PRINCIPLES?
8:22 PM ...
 Lisa: that a state cannot tax a federal institution
  because the power to tax is the power to destroy
 me: WELL THANKS LISA....I DON'T EVEN HAVE TO GIVE THE CHOICES.
  !
8:23 PM tieraclark_
 Lisa: soorrrrry
 jennylamx93: lol
 Lisa: i thought you were asking us
 me: THE ANSWER WOULD BE A. STATES CANNOT INTERFERE WITH OR TAX THE LEGITIMATE ACTIVITIES OF THE FEDERAL GOVT.
8:24 PM tieraclark@gmail.com has left
 me: WE'RE AT FIVE MINUTES......
  OTHER MATERIAL TO REVIEW? ANYTHING?
 abell2012: should be know the reforms that were made?
8:25 PM jennylamx93: so questions that we will see about supreme court cases would be asked what the general case was about right?
 me: YOU SHOULD KNOW THAT THE IMPOUNDMENT CONTROL ACT...
  LIMITED THE PRESIDENT'S ABILITY TO IMPOUND FUNDS.
8:26 PM Lisa: any hints for the FRQ?
 me: HINT!: CHART.
 ahoye95: i hate charts :/
 abell2012: :(
 me: I HEART CHARTS.
  YOU WILL DO FINE.
 abell2012: booooo!!
 Lisa: ew
8:27 PM me: HA.
 Lisa: charts have cooties
 me: JEN...ONLY GENERAL SC CASES.
 jennylamx93: ok
8:28 PM me: ANYTHING ELSE? SAMARA? PHI? POPTARTS?
 tran.seph: what time will you be in school tmrw?
8:29 PM phinguyenper.8: im fine
 samaralcancel: Lol yeah I'm okay
 me: 7:00AM AS USUAL. IF NOT IN RM. 305, CHECK CONFERENCE ROOM ON 1ST FLOOR.
8:30 PM OK, WELL I'M GOING TO BE SIGNING OFF.