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The previous year, the government spent 2.8 trillion, which is almost the same. The year following 2008, the government spent 1.4 trillion cutting the budget nearly in half. https://www.whitehouse.gov/sites/default/files/omb/budget/fy2008/pdf/hist.pdf
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The former Illinois Senator, Obama’s main economic goal was to create jobs. In his campaign, he talked about a four-part “economic rescue plan” for the middle class. http://www.cnn.com/2008/POLITICS/10/13/campaign.wrap
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In 2009 the national budget deficit was at the highest it’s been at in over 70 years. This was a $960 billion bigger deficit than the previous year. https://www.cbo.gov/publication/24992
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The deficit raised in part because of increased imports of crude oil and petroleum products. Three-fourths of the rise in the non-oil goods deficit is owed to China. The American deficit to China raised 8.2% from 2010. http://www.epi.org/publication/trade-deficit-2011-china-accounted-fourths/
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Wages have barely risen for most Americans since 2000. 60% of people have less than $25,000 in savings. http://www.thefiscaltimes.com/2015/04/26/Americans-Low-Savings-Rate-Bad-Sign-Good-Economy
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The deficit on the trade balance jumped 43.1 percent to $51.4 billion, the largest since October 2008. The percent rise also was the biggest since December 1996. http://www.cnbc.com/2015/05/05/us-international-trade-gap-at-$51.37-billion-in-mar-vs.-$41.30-billion-expected.html
