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Obama is Elected President
Barack Obama is elected as the 44th President of the United States, making him the first African American president in US history. He follows George Bush and precedes Donald Trump. Under Obama’s leadership, there have been many social and political shifts. Though Obama has been largely popular, the relationship between Russia and Muslim nations have caused Americans to become more hesitant with international affairs.
Deficit Area: Leadership
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ObamaCare
ObamaCare gives people with not a lot of money, the chance to have health care. It is funded by citizens taxes, but it helps millions of people every day. It could be discontinued by our new president, but it is not for sure yet.
Deficit Area: Budget
Fiscal Policy -
Consumer Price Index Continually Rising
The CPI has increased 0.3% in December due to seasonal purchases. Although, the Bureau of Labor Statistics reported that all items rose 2.1% before the expected seasonal rise. This is an issue because the more people spend, the less money they are saving; therefore there is an expected deficiency for consumers in America.
Deficit Area: Savings
Result -
End of the Cuban Trade Embargo
There are no special limits on the amount of Cuban made goods, that Americans can bring back to the US, including cigars and alcohol, but they must be in the carry on compartment, and still cannot be sold. You can use these goods for personal use only, but this made many people excited because of the famous Cuban cigars and rum. The embargo is still in place, but we are slowly allowing for more trade with Cuba.
Deficit Area: Trade
Fiscal Policy -
Unemployment benefit rate in the US
The number of people claiming unemployment benefits reached a new low since 1973. This is showing that most people like employment security.
Deficit Area: Budget
Result -
Donald Trump POTUS
As of January 20th, 2017, Donald Trump became the President of the United States, meaning that we have a new leader of our country. This could be good or bad, but we don't know yet so this is an area to watch for.
Deficit Area: Leadership
Result
