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In: Economics

Lesson Six Discussion Question: Please respond to the following discussion, Very few would argue with the...

Lesson Six Discussion Question:

Please respond to the following discussion,

Very few would argue with the claim that the President’s role as Commander-in-Chief is the greatest formal power that a president possesses. Yet, in the Constitution, only Congress has the authority to formally “declare war.” Presidents for the last 60-70 years have openly stated that they do not need Congressional authorization to use the military to pursue America’s interests on the global stage. As proof, America has not formally declared war since WWII. So, Korea, Vietnam, Gulf War, Iraq War, Afghanistan, and now Syria have all been military exercises, but not wars in the Constitutional sense.

Has the power of the President of the United States as Commander-in-Chief exceeded constitutional boundaries and should those powers be curtailed, given the constant state of war we find ourselves in? Or should the President’s military powers continue to expand to address the growing chaos in our world, despite the Constitution or in congruence with the Constitution? Explain your answer.


Your initial discussion postings (250-300 words) should demonstrate an understanding and analysis of the assigned readings and video. While you are welcome to incorporate additional scholarly external sources you find in your initial post, you are expected to cite mainly from the assigned material in your response demonstrating connections between your thoughts and the course resources. Please remember you are expected to cite your sources in APA format, you can review the Citation/Reference portion of the syllabus to refer to examples of APA format. In addition, you will also need to post two substantial responses (about 150-200 words) to at least two of your classmates' posts.

Solutions

Expert Solution

Congressional powers to exercise wars have been delimited for President and so should be the case and remain curtailed which will prevent autocratic leadership and wordlwide tensions and also can prevent unforeseen economic damages.

For example even without formally declaring war the US president has announced Trade War with China. Had there been additional power there was sureshot probability of Military power demonstration by US China.

The biggest issue been surfaced is US China Trade War, Immigration Laws, US National Debt, Foreign Relations policy  

US and china have great history of trade wars however recent times has been largely due to sanctions been imposed on china by USA.

Recently, USA slpped tarrifs on 40% of chinese goods. which has caused prices of US goods to go up substantially becuase cheap imports fro china have been stopped.USA has also stopped cheap imports of steel and as a result Chinese government too has imposed substantial tarrifs on USA goods.

As a result, there has been currency devaluation in China to make it goods look more cheaper and attractive and has started selling Goods in emerging markets. US goods however have become more costlier and hence sales have decreased.

Chinese government has aggravated trade war by imposing fresh round of tarrifs , however before G20 summit which will be held in 2018, such issues will be resolved.

Since, China has imposed tarrifs we see there has been lack of entry of chinese workrs and visas in USA which has nullified the clear cut winner. Because of trade war, India has managed to export steel and aluminium to US markets and hence has been the greatest beneficiary.

Given the Presidential Power following economic strategies need best case implementation :

Resolution of NAFTA deal with negotiation as well as maintenance of great relationships with South Korea on denuclearization by maintaining an eye on all developments
US China pact and removal of tarriffsby signing of MOU and economic cooperation
Immigration laws been relaxed by allowing H1B for Indians who look to create startups IN UsA and generate more employment
Debt refinancing and additional taxation on corporates with large market Capitalization to decrease debt in short term.
Increasing interest rates to appreciate dollar and control inflation and money supply in market  

References:

Bailey, Martin Neil, What Happened to The Great American Job Machine!? The impact of trade and electronic Offshoring.

Cline, William R 2004. Trade policy and Global Poverty. Washington : Institute for International economics

Goldman Sachs, 2003. Dreaming with BRICS: the path to 2050. Goldman Sachs Global Economics paper 99

Zoelick, Robert B 2001. American Trade Leadership : What is at Stake? Speech before Institute of International Economics washing mton, September 24.

Schott, Jeffrey, 2004. Free trade agreements :US strategy and Priorities. Washington: Institute for International economics  


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