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Global Financial Crisis of 2007-2008
threatened complete collapse of large financial institutions, bailouts of banks by government, and downward spiral of stocks world-wide. -
Sharp Decline in Trade Deficit
The Commerce Department announced that the current trade account deficit dropped 7.9 % from $673.3 billion from $731.2 billion. -
Fed. Reserve Announces Spending
Federal Reserve Announces plan to purchase $1.2 trillion of government bonds and mortgage-related securities. -
Fed. Reserve - Quantative Easing
The Federal Reserve reported a second round of quantitative easing through the purchase of $600 billion in long term Treasury bonds. -
S&P Scandal
S&P downgrades US credit rating causing stock markets around the world to plunge. The government would sue the company in 2013. -
Decline in Median Family Net Worth
The net worth of average, middle class families dropped 35% from $102,844 to 66,740. -
ObamaCare
50 million Americans still do not have the health coverage they need despite the fact that Obamacare is providing a growing amount of Americans with access to affordable and quality health insurance. In 2013 when the program was first opened for Americans to register there were countless errors with the website. These problems definitely lowered the ratings for Obamacare. -
Government Shutdown
Republicans and Democrats in congress could not agree or compromise on the national budget by the assigned deadline, causing the government to become stagnant for a period of time.
