Economy Project

By economyproject01

  • Companies go bankrupt

    Companies go bankrupt
    economy link February and March 2007 - over 25 subprime lending firms go bankrupt because of increasing interest rates on subprime loans that families cannot afford to pay off. Since the families were losing money they could not get a refinance and therefore their homes began to lose value.

  • Trade Surplus in 2008

    economy project 2 In 2008 exporting had a record trade surplus of $139.7 billion, an increase of 17.3 percent over 2007. Services exports were a total of $544.4 billion in 2008, an increase of 9.5 percent since 2007.

  • American Recovery and Reinvestment Act

    economy link 3 Obama signs the American Recovery and Reinvestment Act of 2009 to try to stimulate the economy, increase the amount of jobs, and help small businesses.

  • Younger generations stop spending

    economy link 4 November 9, 2014 - many young Americans stopped saving money after the recession. Adults under 35 had a savings rate of -2%, which means that they’re going into debt. This will hurt their ability to spend money in the future

  • Federal Budget Deficit

    economy project 1 Federal budget deficit is going to the lowest since 2007, at a rate of 2.6% of the GDP. Analysts at Goldman said that data points to the fact that the budget deficit will go down even further to $425 billion, only 2.4% of the nation’s GDP, mainly due to personal income taxes as well as corporate income taxes.

  • 8-Year Low for the Budget Deficit expected

    economy link 5 August 2015 - The U.S. budget rose in July, however it is predicted by the Congressional Budget Office that it will drop to an 8-year low for the year. This means that the economy is strengthening and more people are finding jobs.