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Economic Events Since 2007
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Congress rejects a $700 billion Wall Street financial rescue package
known as the Troubled Asset Relief Program or TARP, sending the Dow Jones industrial average down 778 points, its single-worst point drop ever.
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Stock Market Crash
Dow is down 34%, closing at 8,816.62. The S&P 500 ended at 907.22, a 38% decline, the MSCI Europe Index was down 45% and the MSCI Asia Pacific Index dropped 43%. The Dow dropped 25% in October alone, from 10,831 on October 1 to 8,175 on October 27. It reached its low of 7,552 on November 20, a 46% decline from its October 2007 high of 14,164.
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<a href='https://www.politicalcartoons.com/cartoon/6e18251e-071a-43ef-a94 -
Obama's Stimulus Package
President Obama signs $787b stimulus package: Many believe the stimulus package embodied in The American Economic Recovery and Reinvestment Act of 2009, along with the TARP legislation passed during Bush, helped prevent an economic collapse.
http://accesstoinfo.blogspot.com/2010/02/corrupt-monetary-system-and-parasite.html -
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Dow Jones Flash Crash
Electronic trading, tied with high volume sell-off, results in a flash crash (1,000-point intra-day drop) in Dow Jones Industrial Average (DJI)
http://www.decisionanalyst.com/Downloads/DecisionAnalystEconomicTrends.pdf -
GDP Increase
The US GDP rose 1.9 percent in 2012 http://www.upi.com/Business_News/2012/12/25/The-Year-in-Review-2012-The-US-Economy-deja-vu-all-over-again/UPI-57181356433260/ -
Government Shutdown
The government shut down for a period of 16 days in order to resolve the debt ceiling http://www.theguardian.com/business/2014/jan/30/us-economy-growth-fourth-quarter-2013
http://www.mediaite.com/tv/a-brief-history-of-the-2013-government-shutdown/
