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The Great Recession (Result)
The Great Recession lasted about two and half years and started an eight trillion dollar housing bubble. The sharp cutbacks in consumer spending, resulted in the loss of wealth. Budget.
http://stateofworkingamerica.org/great-recession/ -
American Recovery and Reinvestment Act (Fiscal)
It was a relief for many Americans affected by the recent recession. The Act increased spending in infrastructure, education, health and renewable energy, and decreased the unemployment rate. It also created the President’s Economic Recovery Advisory Board, giving the government the power to decrease spending privately, and turn increasing the public spending saving jobs, and avoid the economic recession from worsening. Budget
https://www2.ed.gov/policy/gen/leg/recovery/factsheet/overview.html -
Increase of Immigrants (Result)
More foreigners immigrating into the US lead to more innovation, a better educated workforce, greater occupational specialization, and higher overall economic productivity. With foreigners immigrating, the US had more technological improvements, most of them in the health field, which lead to a growth in the American economy. Leadership
http://www.budgetmodel.wharton.upenn.edu/issues/2016/1/27/the-effects-of-immigration-on-the-united-states-economy -
Affordable Care Act (Fiscal)
The ACA is help for people that can not afford health care, to make sure that it's available for people in need of insurance. Lowers the cost for households with incomes between 100%-400% of the federal poverty level. Also expand the medicaid program to cover adults below 138% of the federal poverty level. To sum up, it is to lower the costs of health care generally. Savings https://www.healthcare.gov/glossary/affordable-care-act/ -
Increase in the use of Robotics (Result)
A recent study estimates that robotics increased an average of one-tenth of GDP growth to a country’s annual GDP growth between 2012-2014. This same study also estimates that robotics added about 16% of labor productivity growth during this time period. This effect is of similar magnitude to the impact that the advent of steam engines had on labor productivity growth. Budget.
https://obamawhitehouse.archives.gov/sites/default/files/docs/ERP_2016_Book_Complete%20JA.pdf -
Trump Election (Fiscal)
He has continuously been talking about building a wall between the border of the U.S. and Mexico.Trump signed immigration actions.(meaning construction will start soon) and rumors have said it’ll begin Wednesday. Also enacting on not allowing muslims into the U.S. Leadership.
http://www.bbc.com/news/world-us-canada-37982000
