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Economy
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Savings--Subprime Lenders file for Bankruptcy
The 2007-2008 Financial Crisis in Review http://www.mortgagecalculator.org/helpful-advice/real-estate-bubble.php In 2007-2008 places were filing for bankruptcy as a result of too many loans being given out. There were more than 25 subprime lenders that filed for bankruptcy. -
Trade-- Interbank Market Freezes
The 2007-2008 Financial Crisis in Review The interbank market is a financial system and trading of currencies among banks and financial institutions, excluding retail investors and smaller trading parties. This froze completely, largely due to prevailing fear of the unknown amidst banks. -
Trade-- Trade Falls 30%
Trade falls 30% http://static4.businessinsider.com/image/52f94680eab8ea7f7c7adf6d/trade-deficit-widens.jpg During the Great Recession (2007-2009) the trading market took a huge hit and from 2008-2009 it fell 30%. The recession in the United States slowly caused other markets to go into a small recession because of the lack of trade with those countries. -
Savings-- Who holds the US debt?
Who holds our debt? http://cdn.factcheck.org/UploadedFiles/2013/11/Debt-Chart-531x355.png The US debt is held 16% by Social Security, 13% by other federal governments, 8% by China, 7% by Japan, and 8% by Mutual Funds. The rest of the debt is held by other foreign nations and state and local governments. -
Leadership-- President Obama inaugurated into Office
https://www.youtube.com/watch?v=AldxIge3XFo http://cnsnews.com/news/article/flashback-obama-2008-adding-4-trillion-national-debt-unpatriotic ' >Debt for President Obama</a>
President Obama officially became POTUS on January 20th, 2009. He entered office while the national debt was at $10,626,877,048,913.08. -
Budget-- Deficit Plummets Under Obama
Budget under Obama Over the first four years of the Obama presidency, the deficit shrunk by a total of $300 billion dollars. The amount of money we spend each year is less than the amount the US makes. -
Leadership-- Debt Under Obama more than Bush
PictureDebt has increased more under Obama than Bush In three years and two month in office, President Obama passed the amount of debt caused by George W. Bush in 8 years. Under President Obama, the American debt rose $4.939 trillion in less than 3 and a half year compared to the $4.899 trillion by George W. Bush -
Budget-- Deficit is Falling
Budget Deficit Narrows http://images.bwbx.io/cms/2013-08-08/pol_deficitchart33__01__630x420.jpg
The budget deficit from October 2013-June 2014 was $366 billion, which is down 28% from the same period last year. This is the smallest deficit since 2008 and is pointing to a slowly improving economy.
