Role of the Congress
Economic policies are policies created to help the government curb the economic crisis that pull the economy backwards. The head of the state, the congress and the Supreme Court are some of the chairs involved in the creation of the economic policies (Delgado, Porter & Stern, 2014). Their roles always relate since they work towards achieving the same objectives.
Role of the President
The president always has some responsibilities assigned to him during the preparation of the economic policies, which influence the economy of the country (Edwards & Wayne 2013). As the head of the state, the president must be involved in the preparation of economic policies such as fiscal policies. First, the most important role that the president has in the creation of economic policies is the role of selecting the federal chair, a person who controls the whole activity. The chair is the one who conducts the monetary policy.
Moreover, the president has the responsibility of presenting a budget proposal to the congress. The president prepares the proposal of the money to be spent in the economic policies mended and implemented by the government. In the creation of economic policies, the president plays the role of ensuring that Gross Domestic Product in the country is equally divided among citizens with different incomes. Ensuring that the rate of GDP is maintained helps in the creation of economic policies especially during the budgetary process.
Role of the Congress
According to Davidson, Oleszek, Lee and Schickler (2013), the second most important persons involved in the creation of the economic policies is the congress and its members. First, the proposed budget prepared by the president is presented to the congress. Therefore, it becomes the role of the congress to go through the proposed budget and decide whether to approve or disapprove it. The congress has the role of ensuring that the president has used the cost benefit analysis to prevent over stretching of the economic financial muscle.
Furthermore, the congress has the responsibility of mending the resolutions that are to be employed during the preparation of the economic policies under the budgetary section. After creating the resolutions to be implemented during creation of economic policies, the congress then conducts the processes that lead to funding of the economic policy budget.
Role of the Supreme Court
The courts also referred to as the government has impact in the creation of the economic policies. Supreme Court is the highest court given the jurisdiction to carry out some of the assigned responsibilities during creation of economic policies that help curb the economic crisis that will face the economy. First, Supreme Court is delegated the duty of ensuring that there is stability within the country to create a conducive environment for the creation of economic policies. The Supreme Court takes the role of enhancing stability in economy to implement the policies mended.
In addition, the Supreme Court is delegated the role of reviewing any issues that arise during the creation (Choper 2013). The court has the jurisdiction to solve any problem that arises among the members involved in the creation process. The court has the role of coming up with the final decision concerning certain problems brought up during the process. The other role of the government is to ensure that the economic policies set are implemented and employed within the economy of the country. The government makes sure that the law under the policies created are followed and maintained by the country.
Overview of the Relationships
The roles of the president, congress and Supreme Court have great relationship since the people delegated these roles are working towards the aim of creating economic policies that will be implemented within the country (Ben-Atar, 2015). The relationship between the president and the congress during the creation of the economic policies is harmonious since both the president and the congress creates an agreement, for example, during the reign of President George, there was an agreement between George and Hamilton to challenge Jefferson to maintain the high reputation of the manufactures rather than farmers.
These relationships are also competitive since the president, the congress and the government, Supreme Court, is trying their best to impress the public. The congress will tend to compete with the president by providing a more impressive budget proposal (Davidson et al., 2013). The relationship that the president has with the congress and the Supreme Court in handling their roles during the economic policies creation tends to be contentious to the public. The public tends to be contended with the economic policies that the president, congress and the government have created with the aim of curbing the economic crisis such as inflation (Davidson et al., 2013).
Summarily, it is right to state that economic policies creation includes different individuals’ assigned different responsibilities. The policies created curb the different economic crisis that face the economy such as inflation. The individuals involved should relate well so that they can present a well-budgeted economic policy.
Delgado, M., Porter, M. E., & Stern, S. (2014). Clusters, convergence, and economic performance. Research Policy, 43(10), 1785-1799.
Edwards III, G. C., & Wayne, S. J. (2013). Presidential leadership: Politics and policy making. Cengage Learning.
Davidson, R. H., Oleszek, W. J., Lee, F. E., & Schickler, E. (2013). Congress and its Members. cq Press.
Choper, J. H. (2013). Judicial review and the national political process: A functional reconsideration of the role of the Supreme Court. Quid Pro Books.
Ben-Atar, D. (2015). Alexander Hamilton’s alternative: Technology piracy and the report on manufactures. The William and Mary Quarterly, 52(3), 389-414.