| Rescuing thr Economy from the Great Recession Contributor(s): Penny Hill Press (Editor), The White House (Author) |
|
 |
ISBN: 1530846889 ISBN-13: 9781530846887 Publisher: Createspace Independent Publishing Platform OUR PRICE: $14.20 Product Type: Paperback Published: April 2016 |
| Additional Information |
| BISAC Categories: - Political Science | American Government - Executive Branch |
| Physical Information: 0.1" H x 5.98" W x 9.02" (0.17 lbs) 46 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The first and most fundamental task the Administration faced when President Obama took office was to rescue an economy in freefall. In November 2008, employment was declining at a rate of more than half a million jobs per month, and credit markets were stretched almost to the breaking point. As the economy entered 2009, the decline accelerated, with job loss in January reaching almost three-quarters of a million. The President responded by working with Congress to take unprecedented actions. These steps, together with measures taken by the Federal Reserve and other financial regulators, have succeeded in stabilizing the economy and beginning the process of healing a severely shaken economic and financial system. But much work remains. With high unemployment and continued job losses, it is clear that recovery must remain the key focus of 2010. |