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Sociological journal assignment - Essay Example

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The Great Recession was unprecedented in terms of its severity and complexity but it was not unexpected because the implosion of the home mortgage market was the product of free market forces, primary of which was the bursting of the real estate bubble. This is also a topic of…
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Sociological journal assignment

Download file to see previous pages... Americans responses to the Great Recession” under volume 78 issue no. 5 of the said prestigious journal.
The main hypothesis of the two authors is to determine how economic factors can affect the publics support for certain government social programs, especially in the times of adverse economic conditions such as during the fairly recent so-called Great Recession that started in late 2007 due to the collapse of the sub-prime home mortgage market built on two esoteric financial instruments which are the collateralized debt obligations (CDO) and credit default swaps (CDS). The conventional wisdom for sociologists is that prior experience during the Great Depression in the 1930s showed how the general public supported the aims of the New Deal by Roosevelt.
However, the Great Recession beginning in late 2007 and whose effects are still felt even now by a slow, uncertain, and mostly jobless economic recovery showed this is not the case any longer; past experience does not translate into similar future expectations of the same public support for government programs to help alleviate the financial crisis and transform Americas economy back into health, unlike in President Franklin D. Roosevelts time when there was good and overwhelming support for federal social initiatives to counter high unemployment.
The article title is specific enough to be clear to any reader interested in the sociological connections of economics and mass psychology, in terms of voter preferences during elections. It can be said there is a connection between policy initiatives and opinion trends which both move in cycles; during boom times, people prefer less government intrusion into their private lives but in times of economic downturns, people now choose to have more government intervention. This is the essence of what is called Macro Polity Theory or MPT (Brooks & Manza, 2013, p. 728).
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