In response to the Great Recession employment quickly return

In response to the Great Recession. employment quickly returned to pre-recession levels. O the Tea Party movement fell from prominence. OCongress became more cooperative. O voters demanded government action, but did not like most government programs. O voters solidly sided with one political party for nearly a decade.

Solution

Voters demanded Government action but did not like most Government programs

Output did not return to the pre-recession level; rainy day funds remain insufficient in most states; states\' rainy day funds were insufficient to cope with a decline in revenues. Government\'s response included some of the most aggressive fiscal, and, monetary policies. These remain misguided, ineffective, or, controversial. Citizens see the Fed as overstepping its mandate. The auto bailout was unfair, and, unnecessary. Foreclosure mitigation efforts were ineffective. Both TARP, and, the Recovery Act have become unpopular. The Troubled Asset Relief Program was criticized by the citizens, and, the legislators. Institutions that triggered the panic were bailed out. The program\'s $700 billion price tag was also hard for legislators, and, citizens to swallow.