Wednesday, October 30, 2013

The Political Business Cycle

Everyone knows that politics is just about the most corrupt career field out there. Between the lying, taking bribes, cheating, and all the other dishonest behaviors they practice, it's hard to be more unethical than politicians. To add to everything they already do wrong, a lot of them are guilty of participating in the political business cycle. This means that they make inappropriate decisions for the stabilization of the government around election time in order to be more popular among the voters and increase their chances of winning the election. The political business cycle has proven to be a true problem in the history of politics. For example, before the election of 1940, President Franklin D. Roosevelt made a speech in which he promised America that he would keep all soldiers out of war and keep peace in the nation. Apparently, this wasn't the best decision at the time because once he was reelected, he broke his promise and sent the soldiers to war. He had only made that promise to the U.S. citizens because he knew that's what they wanted to hear and that's what would earn their votes. While this did ultimately help him win the election, it was clearly a very immoral thing to do. Politicians will most likely continue to take part in the political business cycle, among other wrongful things, forever, which will affect the economy negatively everytime it's practiced.

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