America's Recession: The Effects of the Economic Downturn
In 2007, the U.S. economy was rocked by a crippling recession. This recession was the worst economic downturn that the country has experienced since the Great Depression. How did the world's most affluent country fall into such difficult economic times? The root causes of the recession, the governments response to it, and its impact on Main Street U.S.A. are thoroughly examined in this compelling book.
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American Recovery ARRA auto industry automakers bailout bankruptcy Bear Stearns bill billion BREAKING budget business cycle Chrysler collapse companies Congress consumer spending corporate credit crisis declined deficit early economic downturn economic growth economic indicators economists effects eurozone Federal financial crisis financial industry financial institutions foreclosed homes foreclosure rates Getty Images Greece’s Greenhaven Press gross domestic product Henry Paulson high unemployment rate home foreclosures homeowners housing market impacted increased jobless workers Lagging indicators Leading indicators Lehman Brothers loans long-term McCain meltdown moral hazard national debt National Economists Obama signs older workers payments peak percent periods of unemployment PreDATory LenDing President Barack Obama quarter of 2009 reces recession recession began Recovery and Reinvestment Republican Retrieved April Rosen Publishing Senate September 2008 stimulus plan stock market subprime mortgages Treasury troubled U.S. auto U.S. government underwater mortgages unem unemployed unemployment levels Variable interest rates Wall Street York