Economic events in the period from Gorge W Bush to Obama Term Paper

Economic events in the period from Gorge W Bush to Obama - Term Paper Example The massive investment of the projects that do not have any return led to the lack of a proper balance sheet making the economy of the country shift downwards. The Obama administration came in when the effects of poor investment begin to get exposed. There was the hardship in the global economic crisis and any measure that the president took could not heal the economy instantly. He stated to work of the projects that would deliver in economic growth in the near future. The president was required to use extra allocations, and the tax rate was hiked to run these projects. The measure saw a lot of hardships to the peoples of the United States. The nationalists could even fail to afford some important amenities such as quality medical care. The Obama administration later engaged in this projects that could help the poor families in obtaining quality amenities at subsidized prices. The previous administration that was led by Bill Clinton is considered to have focused on the economic development. The economy of the largest country in the world is said to have improved in a much higher state. The investment and that savings that had been made by Clinton was later disrupted by the leadership policies of George Bush. Bush is highly blamed for misusing the country’s resources leading to the economic crisis in the country. Economists have argued that the two dominant political units in the country have different formulations of political policies and the difference in leadership is mostly focused around the economic growth. The view that former president George Bush was responsible for the financial crisis that was seen in the country and globally in 2008 is supported by a large margin in the country. Indeed, 50% of the citizens and economic analysts blames the administration on pushing the economy of the country to the wall. From these statistics, 38% of the population believes