-
Period: to
2007 - Present
-
Gas Prices at All Time High
source In 2008 Gas prices hit an all time high at nearly 5 dollars a gallon across the country. This was a monetary issue, to do with trade deficits. Americans all over were outraged and horrified at this economic event. -
Emergency Economic Stabilization Act
sourceA Fiscal Policy
The Emergency Economic Stabilization Act was a bailout of the American financial system, primarily in response to the housing market crash. This is a fiscal policy which falls under the leadership as well as savings deficit. President Bush was taking immediate action. -
American Recovery and Reinvestment Act
source
This act, classified as a fiscal policy, included a variety of spending measures and tax cuts intended to promote economic recovery. It fell under budget deficit. -
FInancial Regulations Bill
source
This bill was aimed at preventing the risky behaviors and regulatory failures that had gotten the economy into such trouble and lost Americans millions of dollars. This is a fiscal policy falling underneath budget deficit. -
Six Month Extension of Job Benefits
<a href='http://www.dof.ca.gov/HTML/FS_DATA/LatestEconData/Chronology/chronology.htm#2008'
President Obama signed this extension to aid those who were unemployed for long periods of time. This was classified as a fiscal policy, and falls jointly under the budget and leadership deficit, because President Obama, as a leader was taking action to extend budgets for the people. -
