-
George Bush signed the Economic Stimulus Act of 2008, and the bill consisted of $600 tax refund to low and middle income Americans.
(Leadership)
http://www.cnn.com/2008/POLITICS/02/13/bush.stimulus/
http://georgewbush-whitehouse.archives.gov/news/releases/2008/02/20080213-3.html -
The government passed the American Recovery and Reinvestment Act (ARRA), which provided tax cuts and federal funds to create new jobs, save jobs and encourage economic growth. As a result, the debt goes to 11 trillion dollars and the deficit is now 1.4 trillion dollars
(Savings)
http://www.treasury.gov/initiatives/recovery/Pages/recovery-act.aspx
http://scienceprogress.org/wp-content/uploads/2010/01/arra_science_591.jpg -
The government closes Washington Mutual bank and the assets are sold to JPMorgan Chase.
(Savings)
https://books.google.com/books?id=DWKLAwAAQBAJ&pg=PT119&lpg=PT119&dq=troubled+asset+relief+program+778&source=bl&ots=FxHJgxx4UY&sig=BMB-eORw27RUofhNb9z6Fa3CJhw&hl=en&sa=X&ei=Ug9eVfu6JJeyoQTb94GYCQ&ved=0CDsQ6AEwBA#v=onepage&q=troubled%20asset%20relief%20program%20778&f=false -
Congress rejects a $700 billion Wall Street financial rescue package, known as the Troubled Asset Relief Program or TARP, sending the Dow Jones industrial average down 778 points, its single-worst point drop ever
(Leadership)
https://books.google.com/books?id=DWKLAwAAQBAJ&pg=PT119&lpg=PT119&dq=troubled+asset+relief+program+778&source=bl&ots=FxHJgxx4UY&sig=B
http://takeitpersonally.blogspot.com/2008/11/expanding-tarp-troubled-asset-relief.html
http://money.cnn.com/2008/09/29/news/economy/bailout/ -
Over 15,000 American, British and Afghan troops launch the biggest offensive in Afghanistan since the overthrow of the Taliban in 2001
(Savings)
http://worldtimeline.info/usa/usa2010.htm -
The debt ceiling is raised by 2.4 trillion dollars.
(Budget)
http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_breakdown_of_deal/
http://blog.acton.org/archives/61282-christians-oppose-debt-ceiling-charade.html -
The US government shutdown due to budget disagreements in Congress. This eventually resulted in a raised debt ceiling.
(Leadership) http://www.wsj.com/articles/SB10001424052702304475004579276751433735152 -
The trade deficit is now 51.4 billion dollars, the highest sic 2008.
(Trade)
http://www.tradingeconomics.com/united-states/balance-of-trade
https://barryonenergy.wordpress.com/2010/08/16/can-renewable-energy-help-reduce-the-trade-deficit-depends-on-the-will-and-wisdom-of-our-policy-makers-in-washington/
