The Bush mandate is mediated by 9/11. This forced the political-economic managers to a tough test of credibility, solvency and effectiveness. With the attacks also collapsed a way of managing the apparent prosperity of the New Economy. The Republican Bush team presented an electoral economic offer with a strong neoliberal content, with a liberalization package at the service of large corporate and industrial interests, with which the Republicans tried to turn the page to the Clinton era. Instead, 9/11 produced the Keynesian resurrection to the point that the ever-vigilant Federal Reserve and its watchdog Greenspan dusted off the Keynesian manual for immediate action. This second part of this paper summarizes the considerations that explain the mutation of Bush's economic policy management, from the neoliberal component of the 2000 program to the interventionist practice to overcome the strong recession after 9/11.
Keywords:
United States, Elections, Political-Economic Cycle, Neoliberalism and Interventionism, Bush Administration
Author Biography
José Ramón García Menéndez, Universidad de Santiago de Compostela
Doctor en economía, Universidad de Santiago de Compostela (España) y profesor titular de economía de la misma universidad.
García Menéndez, J. R. (2004). El ciclo político-económico en Estados Unidos (1991-2004). De la nueva economía de Clinton a la economía de guerra de Bush. Estudios Internacionales, 37(147), p. 51–96. https://doi.org/10.5354/0719-3769.2004.14509
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