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2007 Personal Savings
In 2007, Personal Savings Rates decreased to approximately 2.5% and this was the result of the competitive Stock Market in the United States. This would fall under the deficit of savings. -
2007 Trade Deficit
The United States trade deficit in goods and services fell 6.8% in 2007 from $758.52 billion to $711.61 caused by a major fall out in imports. This would fall under the trade deficit. -
2008 Budget Deficit
This falls under the Budget deficit and it was when the United States was at $410 billion budget deficit. This was deficit increased since 2007 because that is when Obama's presidency began and he used more of the governments money than the previous president: Bush. -
2009 Federal Debt
In 2009, the Federal debt increased to $10.6 trillion and this was caused by the Obama administrations new creation of Obamacare that required more money from the government. I would consider this deficit to be leadership because the government isn't taking their debt seriously and instead adding to it. -
Obama Care 2010
This is an example of the leadership deficit in America because many Republicans tried to delay and defund the passing of Obamacare by trying to gain concessions from Obama. -
2015 Trade Deficit
The difference between the amount of imports and exports created a trade deficit with the imports costing $239 billion and the exports costing $187 billion, which had a negative effect on our economy.
