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The Great Recession
The Great Recession was a sharp decline in economic activity in the late 2000s. It began when the U.S. housing market went from boom to bust and because of this, large amounts of mortgage backed securities lost value.
Deficit Area: Savings
Result
http://www.investopedia.com/terms/g/great-recession.asp -
American Recovery and Reinvestment Act (ARRA)
The ARRA is a stimulus package that provided tax cuts and federal funds in hopes of saving existing jobs, having economic growth, and creating jobs. This package was in response to the Great Recession in 2008 and caused the debt to rise to $11 trillion and the deficit to rise to $1.4 trillion.
Deficit Area: Leadership
Fiscal Policy
https://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Obama Care
Ex-president Barack Obama created The Affordable Care act, also known as Obama Care in 2010. This health insurance act’s goal was to make health care higher quality, more widely available, and lower its costs. It is hard to say weather Obama care has helped the economy because both political parties will skew the numbers in order for their benefit.
Deficit Area: Leadership
Fiscal Policy
http://www.forbes.com/sites/mikepatton/2014/02/25/is-obamacare-an-economic-disaster/#5296e44d509b -
Legalization of Marijuana
On Nov 6, 2012 Colorado passed amendment 64. This legalized the use and regulation of marijuana for adults over the age of 21. It also establishes a system that makes marijuana taxes regulated and sold similar to alcohol. In 2015 Colorado was $700 million industry.
Deficit Area: Budget
Fiscal Policy
http://sensiblecolorado.org/amendment-64-faq/
http://voxukraine.org -
Unemployment Rate
The current unemployment rate in the United States is at 4.7 percent. This is relatively low compared to the unemployment rate over the last decade.
Deficit Area: Savings
Result
http://www.tradingeconomics.com/united-states/unemployment-rate -
Trans-Pacific Partnership
Just recently, President Donald Trump signed an executive action which ended the United States participation in the Trans-Pacific Partnership. One supporter of the partnership was Barack Obama but Trump claims that the pact is a “potential disaster for our country”.
Deficit Area: Trade
Fiscal Policy
http://www.sandiegouniontribune.com/opinion/the-conversation/sd-trump-says-goodbye-to-tpp-20170123-htmlstory.html
