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Running head: ECONOMIC CRISIS IN USAEconomic Crisis in USAStudent NameInstitution1ECONOMIC CRISIS IN USA2Economic Crisis in the United States of AmericaEconomic ImpactWhen President Obama was elected as the President of the US, the value of thedollar was in a constant devaluation process, and the economy of the country was falling.Decisive measures taken by the government was first by reducing the trading tariffs,which enhance the concentration of the economic resources with minimal outflow. Thefederal government through Acts enacted by the congress allocated 2 Trillion Dollars forthe revival of the US economy through the United States of Americas economic stimulusprogram (Pollin, Heintz & Garrett-Peltier, 2009). Allocation of this amount had positiveimplications on economic growth. It led to the improvement of public facilities and othersocial amenities that aid trading activities. The allocated amount enhanced developmentof high standard roads which boosted the trade networks in the country. Economicgrowth in the country was realized after the economic crisis.Employment Impact and RecessionEven though the economic growth of the states was achieved, the amounts hadnegative impacts on the citizens. Since it had to pay more taxes to ensure that thegovernment meets that set tax limit. The amounts turned out to be more difficult to raisethe citizens and their childrens money, who are the future taxpayers. Creation of jobopportunities to th ...


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