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As unemployment soared to 10.2% — the highest rate since 1983, 2008
The loss of jobs prevented people from trading with the money they would have made and there for hurt the economy. -
Things that have effected our economy since the 2008 recession
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On December 5 OJ Simpson was convicted for a minimum of nine years of various charges related to an attempt to retrieve sporting memorabilia at gunpoint. Fourteen years after he was controversially acquitted of murdering his wife and her lover, justice caught up with the former American football star, now 61.
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Helped fix some of the economy, and created the healthcare reform act
As unemployment soared to 10.2% — the highest rate since 1983
the Obama Administration injected massive sums into the sagging economy with stimulus packages and incentives like the wildly popular (if myopic) Cash for Clunkers program.
the U.S. appeared to emerge from the recession by posting modest growth in the third quarter, but for many of us, the downturn's effects will linger.
iat bought a stake in Chrysler, and GM pl -
It started with Treasury Secretary Henry Paulson asking Congress for $750 billion to prop up Wall Street in the autumn. With half a dozen major banks and institutions failing, and credit still slow to grow Paulson and President Bush produced another $800 billion in late November for bad housing loans and to facilitate various consumer loans. Daily falls on Wall Street of 500 points or more became commonplace. The big three carmakers sought a mere $25 billion to save themselves. Altogether, about
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In an effort to jump-start the economy and get gas-guzzlers off the road, the government initially approves $1 billion to provide rebates for new car purchases. Greater than anticipated demand leads Congress to approve an additional $2 billion.
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To provide all americans with afordabvle health care.
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With tax revenue still declining as a result of the recession and budget reserves largely drained, the vast majority of states have made spending cuts that hurt families and reduce necessary services.
America is trying to cut down on the amount of debt they take on by cutting the money going to many programs, "saving" us money. -
The last U.S. troops withdrew from Iraq.
