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Period: to
2007- current
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More than 25 lending firms declare bankruptcy
more than 25 lending firms declare bankruptcy which increased the default on loans which led to more and more families not being able to afford their loans
http://www.economicsofcrisis.com/timeline.html -
global stock markest suffer the largest fall since september 11 2010
this fall was due to the fear of that the proposed stimulas package would not be enough to pull the US out of the depression.
http://www.economicsofcrisis.com/timeline.html -
Stimulus bill enacted
this was an economic stimulus package that was enacted by the 111th united states congress and it was signed into law by president barack obama as a response to the recesion it was estimated to cost 831 billion dollars
http://www.economicsofcrisis.com/timeline.html -
affordable care act signed into law
the affordable care act was a bill that was signed into law to insure that grants patients new benefits and ensures that every citizen gets quality healthcare
http://obamacarefacts.com/obamacarebill.php -
tax relief, unemployment insurance reauthorization and job creation act of 2010
obama signed the bill that would set a temporary reprieve from the sunset provisions of the economic growht and tax relief reconcilliation act of 2010
http://www.economicsofcrisis.com/timeline.html -
goverment shut down
the government shut down causing goverment workers to go unpaid for two weeks
http://www.cnn.com/2013/09/30/politics/government-shutdown-up-to-speed/ -
Affordable Care Act Reform
Obama passed a reform on the offordable care act changing the cost of coverage to apporximately $250 a month. There are also exception progams for those who cannot afford coverage, so that they may opt out of the fee. http://obamacarefacts.com/costof-obamacare.php -
record breaking poverty levels
a record breaking 47 million americans are now reciveing foodstamps and other aid to help them get by while 15 the poverty rate is still at 15 percent
http://www.washingtontimes.com/news/2014/jan/7/obamas-rhetoric-on-fighting-poverty-doesnt-match-h/
