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TARP Passed
TARP is passed by president George W. Bush. The treasury provided money to purchase assets and equities to help strengthen its financial state. This is a budget deficit.
http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/Pages/default.aspx# -
ARRA Passed
Obama passes American Recovery and Reinvestment Act (ARRA) to provide tax cuts to create new jobs, save existing jobs, and spur economic growth. This is a budget deficit.
http://www.recovery.gov/arra/About/Pages/The_Act.aspx -
Health Care Reform Bill Passed
Health Care Reform Bill is also passed by Congress to provide equal, quality healthcare to all Americans. This is a budget deficit.
http://obamacarefacts.com/health-care-reform-timeline/ -
Financial Regulation Bill
Signed by Barack Obama to protect consumers and empower investors. This is a savings deficit.
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/20/AR2010052003503.html -
Middle Class Tax Relief
This is a leadership deficit. Obama signed this relief extending the payroll tax cut which doesn’t help the economy or decrease the debt.
https://www.whitehouse.gov/blog/2012/02/22/president-obama-signs-payroll-tax-cut -
Trade with China reached a new high
US exports to China raised to $111 billion while imports into US from China raised to $426 billion. US is importing more than exporting. This is a trade deficit.
http://origin.www.uscc.gov/sites/default/files/Research/Monthly(Dec)USCCtradereport_2-11-13.pdf
