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Period: to
Obama
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Subprime Mortgage Crisis
Article
Leadership Deficit - Both Fiscal and Monetary- The Mortgage Crisis sparked due to the inflated prices of housing, due to high demand. Banks began to give out loans too easily. People that got these loans used the money to purchase houses. When homeowners couldn’t maintain their payments, the homes fell into default and were foreclosed by the banks. This led to a crash in housing prices. -
Affordable Care Act “ Obama Care”
Article
Under the act, hospitals and primary physicians would transform their practices financially, technologically and clinically to drive better health outcomes, lower costs and improve their methods of distribution and accessibility. The deficit in 2014 was $506 billion, or 2.9 percent of GDP. In 2013 it was $680 billion. Leadership and Savings Deficit. Fiscal. -
The Budget Control Act
Article
Budget Deficit - Fiscal -This act set a limit on how much the government could spend on discretionary spending (optional funds) from years 2012-2021. This is in hopes of reducing spending by $1.2 billion in the 10 year time span. -
The Trans Pacific Partnership Trade Deal
ArticleWorld's Largest Trade deal involving 12 countries: the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. The pact aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth. Trade Deficit- Monetary
