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Economic Stimulus Act (Budget)
Bush Picture Signed by presdent George W. Bush. Gives $300 to each person who files for it, plus $300 for each dependant child under age 17. Total cost approximately $ 152 Billion. http://www.section179.org/stimulus_acts.html -
Barack Obama Elected (Leadership)
The foucs of his administration has been the economy. THe economic downturn started during his presidency. He passed many laws to help prop up the economy. http://upload.wikimedia.org/wikipedia/commons/thumb/8/8d/President_Barack_Obama.jpg/220px-President_Barack_Obama.jpg http://www.nytimes.com/2008/11/05/us/politics/05campaign.html?pagewanted=all&_r=0 -
U.S. toops pulled out of Iraq (Budget)
Obama fuffilled promsie to pull troops out of Iraq. Ended the armed services in Iraq. The war cost the United States between 2 and 6 trillion dollars. http://archive.longislandpress.com/2010/12/24/top-10-world-events-in-2010-year-in-review/ http://www.reuters.com/article/2013/03/14/us-iraq-war-anniversary-idUSBRE92D0PG20130314 http://upload.wikimedia.org/wikipedia/commons/thumb/2/2e/Iraq_War_montage.png/300px-Iraq_War_montage.png -
Investment Banks Collapse (Trade/Savings)
The great investment banks that had stood on Wall Street began to collapse due to the sub-prime mortgage crisis and serious corporate fraud. This caused the housing market to collapse and many homes became foreclosed. http://bizfinance.about.com/od/currentevents/tp/Top_Ten_Fin_Events_Decade.htm -
Hurricane Sandy (Budget)
Superstorm Sandy caused the inflation-adjusted economic cost of natural disasters in the United States during 2012 to surpass $100 billion. This season is second only to the major hurricane cost of 2005, which saw Hurricane Katrina ravage New Orleans and the Gulf Coast. http://upload.wikimedia.org/wikipedia/commons/thumb/d/dd/Sandy_Oct_25_2012_0320Z.png/260px-Sandy_Oct_25_2012_0320Z.png http://www.decodedscience.com/the-ten-biggest-economic-stories-of-2012/23351/2 -
Obama Care (Budget)
Intended to provide healthcare for all US citizens. Allows all people regardless of income to receive helath care by government stimulus. Will cost the government 1.36 trillion dollars by 2023. http://news.investors.com/politics/obamacare.htm -
Home Mortgagae Debt Increases (Savings)
The home mortgage debt went up for the first time since the recession”began in 2009. In the third-quarter it rose $87.4 billion, according to Market Watch. This showed how the continued effects of the economic downturn effected personal savings. http://wallstcheatsheet.com/stocks/10-most-important-economic-events-of-2013.html/?a=viewall -
Government Shutdown (Budget/Leadership)
16 day shutdown because the government couldn’t agree on a budget. Republicans wanted to delay or defund Obamacare and both Democrats and Republicans refused to compromise. http://www.mediaite.com/tv/a-brief-history-of-the-2013-government-shutdown/ http://www.ldjackson.net/wp-content/uploads/2013/10/Democratic-Government-Shutdown.jpg
