The policy considerations of the United States Government: Do operational policies influence domestic policymaking?

A number of people ask whether or not the operational policies do really affect how the policy of the United States should be directed. First and foremost, there has to be a clear idea of what a policy is. A policy is basically a plan of action that is to be taken which would serve as a guide in making a decision and serve as a directive in order to come up with sound and rational results. Banks, whether private or public, also come up with policies of their own to guide the actions of the institution. Likewise, the government has its own set of policies to follow to guide the social, economic, and political growth of the nation. The two are definitely independent in terms of their own policies at a certain level but not totally independent. The government ideally leaves these banks independent but the truth is that these banks also follow strict rules and regulations imposed by the state in the determination of their respective banking policies. Question though is, whether or not the government of the United States is similarly influenced by the operational policies of these banking institutions in the determination of its domestic policies.

In the United States, policy may refer to a presidential executive order, a corporate privacy policy or parliamentary rules. The policy must also be distinguished from a law or a rule. A law is more compulsive in character as it can compel, restrict or prohibit a certain action such prohibition to do things that the state may require or the compulsion to pay the taxes as an obligation of a citizen of the United States. The policy on the other hand merely guides an action that is geared or directed to achieve the desired outcome of the state. The domestic policy of the United States or a particular nation can be very broad as to encompass the aspects of administrative policy making, management policy, political policy and even socio-economic and financial policy making. There are also several types of policies and these policies usually tackle almost ever aspect or machinery that describes a particular society. Say for example, the domestic policy of US may involve policies on communication, on the economy, energy, environment, health, housing, money, national defence, urban, water and many others including financial policy.

If the financial aspect is incorporated in the policy of the states and the banking institutions, aside from the national treasury, are one of the primary financial institutions of the United States government and the banks, especially the privately-owed banks are ideally independent, is the government likewise independent from operational policies? The answer may be no for the truth is though the government in making its policies should be free and sovereign from any intervention internally or externally, the fact is that the government has to take into consideration the operational policies of institutions both inside and outside the country. In the United States, the government in making its policies at the domestic level should take into consideration the banking institutions concerns so as to create a sound policy hand in hand with the financial institutions of the government to make a concerted effort to uplift the national economy. Not only does the government takes into consideration the internal operational policies, it likewise takes into account the policies imposed by international agencies and institutions such as the World Bank and the International Monetary fund. Policies on trade of the United States for instance is affected by the operational policies of the World Trade Organization and for many years has kept committed to the open market policy at its domestic level. The tariffs imposed by US have been at 2.8 percent relatively and has closely collaborated with the banking institutions in terms of the interest rates for most of its commercial transactions.

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