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Personal saving rates decreased to 3%.
Because of the competitiveness of the United States stock market, personal saving rates decreased to 3%. This would fall under the category of deficit of savings. -
Bank bailout leads to treasury yields being zero
The bailout was triggered by $140 million being pulled out of accounts, leading to treasury yields becoming zero. The government bought off the bad mortgages of the bank because banks were afraid to loan to each other. However, this caused interest rates to go higher than FED Rates, causing large panic. The disclosure of bank acts would lead to bankruptcy of the banks, and the fear led to locked up credit markets. Thus, this would fall under the category of leadership deficit. -
CPI falls record 1.7%
This was the second straight month that the CPI fell by a large amount. There was a large shift in spending habits as people opted to save money. This would fall under the category of trade deficit. -
National debt increased to 10.6 trillion dollars in the first year of Obama's administration
By the end of George Bush’s run in office, the national debt increased to 10.6 trillion dollars. This was because of the establishments of Obama Care that caused more money to be borrowed from the government. Five years into Obama’s term, Obama outborrowed Bush’s entire debt load during his 8 year term at about 7.0 billion dollars vs. 4.9 billion dollars: slowing the economic growth drastically. This would fall under the category of leadership deficit. -
President Obama signs the Affordable Care Act
President Obama signed the Affordable Care Act. Many Republicans tried to stop Obama from implementing this act, asking for a compromise;however, it did not work and greatly impacted the economy. Thus, this would fall under the budget deficit. -
Federal Debt is increased to 13.8 trillion dollars
The Federal Debt has increased to 13.8 trillion dollars. This is 76% of the previous 12 months of GDP. This would fall under the quality of budget deficit.
