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A recession started and caused a loss of income for many people and the lack of spending. Since money was scarce savings was decreased.
http://content.science20.com/files/images/recession.jpg -
Bush steps down from presidency druing the 56th presidential election.Obama wins the election against Mccain.
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China is the biggest trade importer of America. It is good and bad for America. As the trade surplus builds for China it hurts America because they need to sell more than they import.
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Obama's spending policies lead to increasing budget deficit.
http://s.wsj.net/public/resources/MWimages/MW-BS454_defici_MG_20140113153414.jpg -
Rod Blagojevich leaves his position as govorner of Illinois after a scandal. He is replaced by Pat Quinn.
http://cdn.abclocal.go.com/images/wls/cms_exf_2007/news/6547613_600x338.jpg -
The debt ceiling crisis is part of an ongoing debate in the US congress about federal spending. The debt is still increasing because of government spending. Started in January 2013.
http://us.123rf.com/400wm/400/400/kurhan/kurhan0906/kurhan090600073/4963618-happy-shopping-people-isolated-over-white-background.jpg -
The U.S. has stopped relying as much on imports and focused more on the american work force. The U.S. has gradually become more independent except from China.
http://www.global-workforce.globalization101.org/wp-content/uploads/2012/01/trade.jpg -
This link shows retail sales in real time. This illustrates how much money people are spending on material items, and how much they are not saving.
http://www.foldedspace.org/GRS/wheredoesthemoneygo.jpg
