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Government Corporations
• Who owns AMTRAK and the Postal Service?• The Government. But why?– Public services• Mail (USPS)• Transportation (AMTRAK)• Mortgages/Loans (Fannie/Freddie)
– To give the government extra revenue
Other Agencies in the Exec. Branch
• Central Intelligence Agency (CIA)• NASA• National Science Foundation• Environmental Protection Agency (EPA)• Farm Credit Administration• Internal Revenue Service (IRS)• Federal Bureau of Investigation (FBI)
Regulatory Commissions
• These agencies are designed to make sure laws are being enforced and to protect the public– Federal Communications Commission (FCC)• Regulates TV, radio, telephone, internet
– Securities and Exchange Commission (SEC)• Regulates the stock market
– Federal Reserve (FED)• Sets interest rates for banks
Why Regulation?• There’s a big debate between Democrats &
Republicans about the role of govt. regulation– Democrats = in-favor of regulation– Republicans= against regulation
• Regardless of political beliefs, some regulation is necessary
Bureaucracy• Refers to the complex structure of the
government (agencies, etc.)• Bureaucracy is basically network of
agencies that make up exec. branch• Word is sometimes used pejoratively• Red tape = used to describe the
inefficiency caused by a large bureaucracy– Days to get a single memo through entire
department– Department of Motor Vehicles
Pros/Cons of Bureaucracy
PROS CONS1.) Specialized 1.) Red tape2.) Treats everyone fairly 2.) can be 3.) Provides services slow/inefficient3.) Necessary to run 3.) Some critics our government argue bureaucracy is too large
How do you work for the Bureaucracy?
• Employment in bureaucracy was once based on the spoils system– Receiving jobs for being in a political party or
knowing somebody– This led to corruption and inefficiency