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Beginning of Recession- Result- Budget Deficit
Our economy started suffering due to lack of spending. Consumer goods were in lack of quantity and people were only buying needs. -
Beginning of Recession
Our economy started suffering due to lack of spending. Consumer goods were in lack of quantity and people were only buying needs. The start of the recession was part of the budget deficit and was a result. -
Record breaking poverty
The income and spread of money at this time was unbelievably low. The economy was suffering and so were the people. Fiscal -
Record Breaking Poverty
The income and spread of money at this time was at an all time low. The economy was suffering and so were the people. The record breaking poverty was part of the savings deficit and was part of the fiscal policy. -
Debt Ceiling Bill
Debt bill signed by Obama to raise the debt ceiling of America could still pay their foreign bills. This allowed the US from reaching economic distater. This was part of the budget and was fiscal. -
Unemployment reaches 8%
With the unemployment rate reaches its highest point since the Great Depression. The economy was reeling. Leadership was lacking as more and more people were losing their jobs and livelihoods. This was a result to the economy and was part of the leadership deficit. -
Trade Deficit Narrows
In January of 2016 the United States began closing the gap between how much we import from other countries. Even though there is still a huge disparity America is starting to go in the right direction. This is part of the monetary aspect of the trade deficit. -
Obamacare
The beginning of Obamacare was implemented to offer affordable healthcare for all Americans. On the side it had a mission to reduce healthcare spending as well. This was one of Obama’s most controversial actions in office. This is fiscal aspect of the leadership deficit.
