The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
(Not exactly sure about the answer) The Congress would have to bring treason against the president, because of the fact that the president went against the countries rules by taking a bribe that could've been related to helping another country. The responsibilities of the Reps. and the senate would have to be, to give the president the punishment of impeachment.
The Democrats held the majority of the seats in the house and senate.
Some options would have helped to answer this question perfectly. As no options are available in the question, so it has to be answered from knowledge or by research. I hope the answer helps you. The banking group benefited the most from the economic reforms in China. The farmers also benefited.
