5+Business+and+Economy

Fight the housing and financial crises: Barrack Obama's solution:
====A new housing program has stabilized the market, preventing more foreclosures and helping millions more re-finance at historically low mortgage rates. The Administration is also moving forward with its plans to get credit flowing again to businesses and families, and to reform our regulatory system so we have a set of 21st century rules to match 21st century financial markets.====


 * ====The Home Owners Refinancing act on June 13th forced the Home Owners Loan Corporation to refinance non farm home mortgages.====


 * ====The Glass Steagall banking act on June 16th was made to institute many banking reforms and to include establishing in the Federal Bank Deposit Insurance Corporation. That put a limit on deposits up to $5,000, and later on it was changed so the amount could go up to $10,000.====


 * ====Back then, The US government insured 30 year loans. Today the government is insuring most reverse mortgages. Back in the day, people were warned that they would lose their homes, they would go bankrupt if they signed mortgage documents that were to complex to understand.====

Get the economy back on track: Barrack Obama's solution:
==== President Obama signed legislation to jumpstart our economy, the American Recovery and Reinvestment Act, less than a month after his inauguration. The plan will save or create 3.5 million new jobs, make critical investments in our infrastructure and give 95 percent of working Americans a tax cut. ====


 * ====The economy act was passed on March 14, 1993. The act balanced the average federal budget by cutting government employee's salaries and veteran pensions by 15%. That saved us 500 million dollars per year.====


 * ====The unemployment rate rose up to 17% during the 1930's.====


 * ====The people were getting layed off so the businesses can save money. a lot of people were losing their homes.====

Rebuild our economy on a new, sustainable foundation: Barrack Obama's solution:
By making bold and wise investments in healthcare, energy and education, and restoring fiscal accountability to government spending, we will cut costs for American families and businesses, create good jobs that can’t be shipped overseas, give our children the education they need to be competitive in the global marketplace and leave our grandchildren a legacy they can be proud to inherit.

Rebuild our economy on a new, sustainable foundation: New Deal Solution
====1) New deal- Invest in new types of renewable energy. Sparking new companies that will be added to the ecomony and will boost the revenue of the economy by creating more jobs and new ways to sell to other countries.====