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In February 2008, President George W. Bush signed the so-called Economic Stimulus Act into law. The legislation provided taxpayers with rebates ($600 to $1,200), which they were encouraged...
President George H.W. Bush: Iraq, recession and a lost reelection. Foreign affairs triumphs can be fleeting — especially if they clash with a downturn at home. That’s at least one of the...
February 13, 2008: President George W. Bush signs the Economic Stimulus Act of 2008 into law. The legislation provides many Americans with income tax rebates and gives tax breaks for...
Many hailed the election of the first African-American president as evidence of a turning point in race relations in the United States. As part of the 2008 TFS, students were asked if they agreed with the following statement: Racial discrimination is no longer a major problem in America.
President Obama was dealing with more than just the recession as he looked toward the midterm elections. He launched sorely needed but sharply criticized healthcare reform. He also supported the Dodd-Frank Wall Street Reform Act .
President George W. Bush asked Congress on September 20, 2008 for the authority to spend as much as $700 billion (~$973 billion in 2023) to purchase troubled mortgage assets and contain the 2007–2008 financial crisis.
Most of the responses to the financial crisis, distinct from those designed to deal with the recession and recovery that followed, occurred in 2008, under President Bush.
Here’s What Caused the Great Recession. Discover the confluence of events that prompted the Great Recession in America and its main culprit: the subprime mortgage housing crisis.
The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Beyond its duration, the Great Recession was notably severe in several respects.
What Was the 2008 Great Recession? The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies.