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Rate of Savings
In 2007 61.5% of working people saved vs 55.15% in 2010. During/After the recession people were very worried about money which caused them to save. And in 2010 people stopped worrying about money as much which is represented in the statistics -
Leadership
The poor leadership can be blamed for the still deteriorating eceonomy. President Obama has done little to reassure the people the economy will improve and a recent poll concluded that most people believe the poor economy to be highly related to the president.
http://www.foxnews.com/politics/2011/09/30/fox-news-poll-voters-say-bad-leadership-to-blame-for-economy-more-than-bad-luck/ -
Trade deficit
2008- In 2008 the US had a trade deficit of $-816.2 Billion Which can overtime cause more and more jobs to be outsourced to international countries. Losing jobs in the country causes money to be taken out of the US economy because people who don’t have a job cost the government money and do not put money into the economy by purchasing things.
https://www.census.gov/foreign-trade/balance/c0015.html -
Stock Market Crash Leadership
2008 Stock Market Crash- In 2009 the Dow Jones hit an average of 6,594.44, Today it is at 17,116.84 for comparison. What caused the crash was the subprime mortgage crisis, which triggered large decline in home prices, many foreclosures and many people into financial crises http://useconomy.about.com/od/Financial-Crisis/a/Stock-Market-Crash-2008.htm -
Leadership
The u.s leadership has been driven straight into the ground by Obama. since he has been president over 11,472,000 workers have lost their jobs. The number of Americans on welfare has hit an all time high. Obama is taking 700 billion dollars out of Medicare to put into Obamacare. http://townhall.com/columnists/johnhawkins/2014/08/09/50-things-barack-obama-has-done-wrong-n1876744/page/full -
Savings
Currently around 50 million Americans live under the poverty level. This poverty line is defined as $23,550 a year for a family of four 47 million of those Americans, which is 13 million more than when Obama took office, are currently on food stamps. http://www.newsmax.com/Newsfront/poverty-line-grows-under/2014/01/08/id/545892/ -
Budget
Obama spent nearly $1 trillion on his economic stimulus package to try to create more jobs. These job opportunities have simply not worked with the percentage of people 16 and older with jobs or pursuing jobs at 34 year low. http://www.realclearpolitics.com/articles/2013/08/15/cnn_never_mentions_obama_in_article_on_joblessness_119608.html -
Debt
Our debt has to do with a lot of our spening on our military. cuts will total $85 billion, half of which falls on defense. While many believe some defense cuts should be part of deficit reduction, they fear that the sweeping would needlessly undermine national security. But with all this money it does pay off. We do have the number one military in the world. http://www.pbs.org/newshour/rundown/debt-deficits-and-the-defense-budget/