economy timeline

Jan 1, 2007

Leadership

George W. Bush subtantially increases troops in Iraq
Mar 2, 2007

Trade

Fair Trade retail sales top 1 billion dollars and 2.5 billion dollars globally
Feb 1, 2009

Leadership

Barack Obama becomes president
May 1, 2009

Budget

Congress passed a $787 billion fiscal stimulus package spread over 10 years. Of that total, $584 billion are spent in 2009 and 2010, with 19% of the funds allocated toward increases in government spending, 33.4% in transfers to the states, and 47.6% toward tax cuts
May 19, 2010

Budget

Patient protection and Affordable Care Act is passed
Jan 1, 2011

Savings

In 2011 the savings rate declined to 4.2% and further in 2012 to 3.9%. In the first quarter of 2013, the personal savings rate was at 2.6%
Feb 1, 2011

Savings

Wealth inequity doubled since 2003
May 19, 2011

Trade

Free trade agreement between the United States and the republic of Korea (also known as KORUS FTA)
Jan 1, 2014

Trade

Largest trade deficit hit in 2014
May 19, 2015

Links

http://fairworldproject.org/wp-content/uploads/2012/08/Fairworld_Project_Publication_3.pdf
http://en.wikipedia.org/wiki/Timeline_of_United_States_history_(1990%E2%80%93present) http://www.cnbc.com/id/100700580 http://en.wikipedia.org/wiki/Free_trade_agreement_between_the_United_States_of_America_and_the_Republic_of_Korea
Jul 2, 2015

Budget

Federal minimum wage increased to $5.85

Leadership