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Emergency Economic Stabilization Act of 2008 (Budget)
The EESA provided $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are providing problems on the balancing sheets of financial institutions. The act also affects working families, small businesses, and other companies who have access to credit. In addition, the EESA establishes a program to that would allow companies to insure their troubled assets. -
Presidential Election of 2008 (Leadership)
Barack Obama was elected the 44th president of the United States of America. His election was monumental due to the fact that he was the first African American individual to be elected president. He defeated Senator John McCain to win the presidency. -
Obamacare (Savings)
Obamacare Facts The official name for Obamacare is the Patient Protection and Affordable Care Act (PPACA). It was signed into law to reform the healthcare industry on March 23, 2010 and was upheld by the Supreme Court on June 28, 2012. It’s main purpose is to help individuals get health insurance through expanding Medicaid eligibility and offers cost assistance through health insurance marketplaces. -
Middle Class Tax Relief and Job Creation Act of 2012 (Budget)
Information about Middle Class Tax Relief and Job Creation Act of 2012 Over the course of 2012, the tax cuts will add an extra $1000 to each American Family. Provides Unemployment Insurance benefits to people who are unemployed (depends) on where you live. -
Minimum Wage Raised (Budget)
The minimum wage for 31 states will increase from $5.15 to $7.25. This was the final step of a three step process of raising minimum wage. In addition, about 4.5 million workers will receive a raise, which will provide an additional $1.6 billion annually in increased wages. -
GDP Growth Rate (Trade)
Over the past four years (the article was written in 2013), the GDP of the United States has declined steadily. The government had estimated that the GDP would have a growth rate of 1.4%. Of that statement is true, American would be the considered to have the worst four consecutive growth years of GDP since 1930.