Economy

By consumer.management1

  • Leadership

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    The President has no control over the growing deficit in his first year. He must deal with what the previous President set up for the fiscal year.

  • Trade

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    If the value dollar drops, then the trade deficit will be affected. People often do not understand this coorelation.

  • Budget

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    The federal spending combined with a poor economy skyrockets the deficit. In 2011, Obama and Congress implemented the Budget Control Act.

  • Trade

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    The trade deficit is when the ountry imports more goods than it exports. Having an ongoing trade deficit weakens the economy.

  • Leadership

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    Government shuts down for a week or so. This shutdown caused many problems to our economy.

  • Savings

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    Following trends from the past few years, the budget deficit is decling sharply. In 2009 it was $1.4 trillion, but now it is expected to be $514 billion.

  • Savings

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    Economy grew at 4% annual pace. This is a sign of it bouncing back.

  • Trade

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    Exports increased more than imports. In June, the trade deficit was $40.8 billion. It decreased to $40.5 billion in July.