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Trade Deficit
On May 28, 2008, the U.S. trade deficit peaked at its lowest point of almost $800 billion. This means at that point in the year, the U.S. had purchased $800 billion worth of goods more than it had exported (the difference of export to import was -$800 billion).
Result
Trade
http://www.frbsf.org/education/publications/doctor-econ/2007/june/trade-deficit-exchange-rate/ -
Affordable Care Act
The Affordable Care Act, or Obamacare, was signed into law by the president on March 23, 2010. The Affordable Care Act allows for health insurance to be much more affordable for the common man, and makes sure everyone has insurance.
Fiscal
Leadership
http://www.huffingtonpost.com/entry/congress-passed-bill-to-change-obamacare_us_5612af43e4b076812702b75f -
Inflation
In September of 2011, the inflation rate in the U.S. was the highest it had been since 2007, reaching a peak of 3.9%. This means the worth of the dollar is decreasing, so more money is needed to buy the same goods that would have previously been cheaper. Recently, the U.S. inflation has gone down, which is helping our economy.
Result
Budget
http://www.usinflationcalculator.com/inflation/current-inflation-rates/ -
Tarriff
The United States challenges the Chinese tariff on chicken by continuing to dump chickens on the Chinese market.
Fiscal
Trade
http://money.cnn.com/2011/09/20/news/economy/china_trade/ -
Social Security
This was social security’s 80th birthday, having been signed into effect in 1935. Back then, there were over five workers per retiree, and now, there are fewer than three. This is causing taxes on workers to rise, as the stockpile of social security money is dwindling.
Fiscal
Budget
http://www.newsmax.com/Newsfront/social-security-turns-80/2015/08/09/id/669208/ -
Federal Reserve Plans
Janet Yellen who is a chair member of the federal reserve said in a speech at Philadelphia that the feds are rethinking their plans to raise the interest rates.
Monetary
Savings
http://www.nytimes.com/2016/06/07/business/economy/janet-yellen-fed-interest-rates.html?_r=0
