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Economic policies
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Housing Market Crash
Market Crash of 2008
The American housing market crash in 2007 put pressure on the federal budget. The tax revenues were decreased while increasing claims on government’s resources such as unemployment insurance.
-Budget -
Trade Act of 2008
Trade Act of 2008
The Trade Act of 2008 was a bill meant to police foreign trade. It also set terms for future trade agreements.
-Trade -
Economic Recovery Act of 2008
Emergency Economic Stabilization Act
President Bush signed the Emergency Economic Stabilization Act of 2008. The act establishes the $700 billion Troubled Asset Relief Program (TARP).
- Budget -
Homeowner’s Affordability and Stability Plan
Homeowner’s Affordability and Stability Plan
President Obama signed the Homeowner’s Affordability and Stability Plan early in his presidency to give relief to 7 to 9 million homeowners. The plan attempts to make an effort to keep on track with homeowners’ current mortgages while preventing a destructive foreclosures.
-Leadership -
Recovery Act
Recovery Act
Barack Obama pass the Recovery Act on February 13, 2009. Its job was to provide tax cuts and federal funds to create new jobs, save existing jobs, and spur economic growth.
- Leadership -
TALF
TALFAnnouncement of TALF which is able to generate up to $1 trillion of lending money for businesses and households. This helps investors to support their purchases in the stock market. -
Healthcare Reform Bill
Healthcare Reform Bill
Congress passed the Health Care Reform Bill. This bill aimed at providing quality, affordable healthcare for all Americans.
-Savings -
Debt Ceiling
The government had less than 24 hours before it defaults on its debt obligations which Congress and the President then agree to raise the US debt. The debt ceiling is to be raised either on cutting tax cuts, raising revenues, and cuts to enrichment programs.
