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Trade Deficit
The US exported 69,732, and imported 337,772 by the end of 2008.
The total came out to the US owing China 268,039. Each year the amount the US exports is way less than the amount of goods imported from china Monetary policy. This is because taxes were raised to pay the debt, work wages went down. -
Budget Deficit
Since there was more than $1 trillion reported lost in 2007, they were forced to come up with about $946 billion tries to balance it out but banks hoarded the cash and wouldn’t loan it.
Fiscal Policy. Since the banks weren’t loaning any money, the economy wasn’t being stimulated. -
Savings Deficit
This event focused on the retirement savings deficit. It also focused on the problems in retirement security.
Result: Fiscal Policy. This is because Bill Gale, who is the director of the retirement project, wants the current tax deduction on retirement savings to credit. -
Leadership Deficit
Summary: Trump'd administration is looking to give tax-cuts aimed at big corps which leaves out the middle and lower class, decreasing confidence further economic plans to decrease debt and deficit.
Both, but more so in fiscal as actions would be in the shape of tax cuts. Tax cuts are part of his campaign promise and will help stimulate the economy, and by putting in import tax american goods would be protected.
