The U.S. Government
The executive office of the president was established by Franklin Roosevelt. Its responsibilities ranges from communication of the president’s message to the people of America so as to promote the trade interests of the country abroad. It is overseen by the chief of staff in the white house. This has been a home for most of the president’s closest advisors. The executive office that will be under discussion in this paper is the Department of Defense.
The mission of the DOD is to ensure that the military forces needed to prevent war as well as protecting the security of the nation is provided for. Its headquarters is situated at the Pentagon. This department consists of the departments of the Navy, Army, and the air force. This considered to be the largest government agency having more than 1.3 million people who are on active duty as well as approximately 700,000 civilian workers.
Its responsibility is to coordinate and supervise all agencies as well as the functions of the government that are concerned directly. This department is under that auspice of the secretary of defense. The secretary is appointed by the president, who is advised and given the go ahead by the senate. Because the president and the congress cannot participate in all the affairs of the department of defense, it is, therefore, the duty of the secretary of defense and the secretary subordinates to exercise the military authority.
Therefore, without the department of defense, the security of the nation is compromised. It comes as a full package housing all the security agencies. This department is also tasked with the security of the president. It reshuffles the security detail of the president for efficiency.
Question 2
Part 1
Wall Street reform
The investors will be affected greatly. In fact, they will be the gainers because of the bill. This is because, with the enactment of the bill, the shareholders were given the task of overseeing the bonuses accruing to the CEOs with the main intention of strengthening the economy as well as protecting the consumers. Therefore, the management of the big firms would totally be against it because this would imply that they will not be in a position to manipulate the investors and other shareholders.
Part 2
The Financial Services Roundtable, as well as the lobbysts for the huge banks, would be a group to involve in the fight against this reform. Their duty would be to weaken the bill, delay it and finally dismantle it. Some of their demands would include a change in the derivatives reforms with the requirement that the complex financial instruments being sold on the open exchanges in the fashion of both stocks and bonds. Another lobbying group would be tasked with hammering out the Volcker rule that would limit the capacity of the federally insured financial institutions to wager on their risky ventures.
