PO225 Lecture Notes - Lecture 5: Money Supply, Nuclear Program Of Iran, Micromanagement
Document Summary
Isolationism pre-pearl harbor(concern was limited to western hemisphere) Vietnam marks one of the first times au. s. intervention is not able to attain political influence/victory. No consistency in foreign policy, as with everyone else (saudi arabia ally vs. iran enemy) Powell doctrine: conditions under which america could get involved in foreign intervention: domestic attack, clear attainable objective, viable exit strategy, domestic support, int"l support, realistic cost benefit analysis. Pres has const authority to appoint cabinet secretaries. With advice and consent of the senate (ex. Cabinet cannot meet together in public place at one time. Presidents can recommend reorganization of white house (homeland security) White house staff is freely appointed by president unlike cabinets which need consent. The office of management and budget (omb) 1970. Head of the office of management and budget. Frb federal reserve board: sets money supply and interest rates, controls inflation. Head of the frb has a fixed term so that pres cannot remove them.