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President Obama Sworn Into Office
On this date, President Obama was inagurated.
http://www.barackobama.com/about/barack-obama/ -
Federal Budget
Spending was budgeted at $3.8 trillion, but only $3.546 trillion was spent. Much of this money was spent on social Security, Medicare, and Medicaid. http://www.economist.com/node/18285768
http://useconomy.about.com/od/usfederalbudget/p/FY-2010Federal-Budget.htm http://useconomy.about.com/od/usfederalbudget/p/FY-2010Federal-Budget.htm http://wattsupwiththat.files.wordpress.com/2011/04/2011-spending-trillion-cartoon.jpg -
Oil Markets and Trade with Middle East
Prices of crude oil from Libya rose because of Arab unrest in the Middle East, Owners of oil companies in the middle east are changing, and 2/3rds of the workers left. Demand of oil rose in 2010, but after the Arab uprsings, middle eastern countries are unable to pump enough to the world fast enough. -
Personal Saving Rates
Personal savings has declined over the past 45 years. This could be beneficial for the economy in a short amount of time because it would increase spending. However, having less personal savings for a long time weakens the economy by reducing consumption.
http://www.hamiltonproject.org/multimedia/charts/u.s._personal_saving_rate_1970-2012/ http://i.dailymail.co.uk/i/pix/2011/06/17/article-1585579-0C98769B00000578-620_468x286.jpg -
What Buisnesses Want from the Next President
Business leaders explain what they want from the next president of the United States. Some of the popular opinions are that Obama has spent too much on healthcare, which will eventually hurt families in America.
http://money.cnn.com/gallery/smallbusiness/2012/11/05/entrpre http://media3.s-nbcnews.com/i/newscms/2014_22/471411/140528-obama-west-point-mn-1155_a321bf5f75359e045403b1c5436f31aa.JPG
neurs-election/index.html -
Welfare Budget
The welfare budget over the last two years (2012-2013) combined is $722 billion. There are 13 programs that make up the welfare budget, including SNAP, Head Start, Medicaid, etc. The welfare program is the third largest entitlement program, larger than unemployment. http://d1mpb3f4gq7nrb.cloudfront.net/img/toons/cartoon6107.png -
Real Estate Market Is Back
Since 2006, the Real Estate Market has been rising and falling, but in 2014, it seems to be normal again. Inventory has continued to increase. Suppy and demand seems to be meeting eachother in the middle. The market is the best it has been in years.
http://fortune.com/2014/03/31/after-8-years-the-real-estate-market-is-finally-looking-normal-again/ -
Exports and Imports
Historically, the United States has wound up with a surplus on service trading, while the deficit on trading goods skyrocketed. For example, in 2011, the $193.5 billion surplus on service trading partially offset the $738.3 billion goods.
http://www.bea.gov/scb/pdf/2012/06 June/0612_MNC.pdf http://www.cristyli.com/wp-content/uploads/2009/06/Cap-and-Trade1.jpg
