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President Bush signs economic stimulus act
This act was intended to stimulate economy so that the economy could flourish. This did not work because we went into a recession. -
financial crisis of 2007-8
almost brought down the world’s financial system. It took huge taxpayer-financed bail-outs to shore up the industry. Even so, the ensuing credit crunch turned what was already a nasty downturn into the worst recession in 80 years. -
U.S. treasury issues massive loans to select car companies
$13.4 billion for GM and $4 billion for Chrysler -
Obama-Biden Emergency Plan
Save one million jobs through immediate investments to rebuild America's roads and bridges and repair our schools: The Obama-Biden emergency plan would make $25 billion immediately available in a Jobs and Growth Fund to help ensure that in-progress and fast-tracked infrastructure projects are not sidelined, and to ensure that schools can meet their energy costs and undertake key repairs starting this fall. -
government provides temporary tax credit to companies
Obama and Biden will provide a new temporary tax credit to companies that add jobs here in the United States. During 2009 and 2010, existing businesses will receive a $3,000 refundable tax credit for each additional full-time employee hired. -
Obamacare
The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. -
Obama starts printing large amounts of currency
Federal Reserve chief Ben Bernanke announced that the nation’s central bank will keep on printing money to try to keep the economy afloat. -
Obama recommits to Iraq
Obama pledges U.S. support to Iraq against the ISIS insurgents. This support will cost billions of dollars, as the battle against ISIS is one that is expected to stretch past the end of Barack Obama’s final term..