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Pesident Bush is still in office (leadership)
President George W. Bush is in office in 2007. His economic plan was tax cuts, but it got complicated when he was pulled into the wars in both Afghanistan and Iraq. Budgeted spending under President Bush averaged 19.9%. http://www.worldbook.com/all/itemlist/category/69-world-book-news?start=154
image:http://www.georgewbushlibrary.smu.edu/Photos-and-Videos/Photo-Galleries/From-the-White-House-Photo-Archive.aspx -
The 'House Bubble' bursts (trade)
The "House Bubble" was essentially the run-up house prices of the future based on demand. When it burst in 2007, housing prices came rocketing down, which made it very hard to make money on a house, causing many people to lose money on their investments in their houses. It also made mortgages harder to get, as banks did not trust people to pay back as much. http://www.macleans.ca/economy/business/crash-and-burn/ -
Market dropout of 2007 (trade) image: http://global-ejournal.org/tag/governance/
-In 2007 the trade deficit dropped 6.8 percent from $758.52 billion to $711.61 billion -Total exports of goods and services recorded its second straight year of double-digit growth. But the 12.18 percent increase in 2007 – to $1.62 trillion – was slightly slower than the 12.68 percent increase registered in 2006. The big change in trade flows came on the import side, where growth slowed from 10.35 http://americanmachinist.com/uncategorized/us-2007-trade-deficit-drops-because-falling-imports -
President Obama is elected, 12 point plan (budget, leadership)
Obama promised to get us out of Iraq and Afghanistan, using his 12 point plan. His plan included creating jobs, tax cuts for middle class, support small buisnesses, and medicare. http://www.gop.com/news/research/the-big-fail-top-5-failed-obama-policies/
image:http://www.people.com/people/article/0,,20239003,00.html -
Stock Market Crash of 2008 (trade)
In the United States 15 banks failed in 2008, while several others were rescued through government intervention or acquisitions by other banks. On October 11, 2008, the head of the international monetary fund (IMF) warned that the world financial system was teetering on the "brink of systemic meltdown.” http://en.wikipedia.org/wiki/Stock_market_crash -
Obama's health care plan explaination video (budget)
This video explains in depth the budgeting that Obama presented to work on in his second term in office. https://www.youtube.com/watch?v=htZN-Is7N7o -
Financial Regulations Bill (budgeting)
Designed to prevent the risky behavior and regulatory failures that brought it to a crash in 2008. It's plan was to fix the Federal Reserve system that failed during 2008, as well as correct the mortgage crisis. http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308 -
Annual Savings of Americans (savings)
Three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. image: http://www.menshealth.com/mhlists/outsmart_financial_stress/printer.php
http://money.cnn.com/2013/06/24/pf/emergency-savings/