-
The recession Jobs were lost. Unemployment was at 10%, Not as much money to spend. Savings were low -- Savings
-
-
Trade with China is on the rise American and Chinese relations increase. This spawns American dependency on the foreign nation. China can control the US economy -- Balance of Payments
-
-
Obama elected 2nd term Reelected for a second term. Obama promises change to the union. He also promises to end the recession -- Leadership
-
SHUTDOWN Budget -- The government did not have enough funds to keep running. They shut down for a period of time. Employees were laid off.
-