What was the purpose of TARP, and how was it designed to work?
What will be an ideal response?
Answer: An ideal response will:
1. Define TARP as the Temporary Assets Relief Program, the federal program to purchase assets and equity from troubled financial institutions.
2. Explain that this was essentially a bailout of the banking and financial industries that comprise Wall Street. The collapse of the financial industry had virtually frozen credit markets and was likely to affect the ability of those on Main Street to do business, refinance their homes, or buy a car. Thus, the $700 billion would allow the Department of the Treasury to buy equity stakes in faltering banks to free up credit markets and protect those on Main Street.
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If your campaign has very limited funding, which of the following strategies for reaching voters is likely to be most attractive to you?
a. a professionally produced positive ad b. a series of campaign stops throughout a state c. hiring consultants to create and maintain an Internet site d. robo-calls
What was the disproportionate power that distinguished the United States and the Soviet Union from all other countries in the postwar era called?
a. detente b. containment c. superpower d. military-industrial complex e. nuclear weapons