Econ202-4-2-08lecture - Current Economic Troubles...

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Unformatted text preview: Current Economic Troubles Recessions and Depressions In flation Coal and Energy. o 1973 $2.90 for a barrel of oil. o 2008 $105 " Housing Market o foreclosures. Homelessness o Second Highest per capita yet 3 million homeless in the r ichest country in the world. Poverty Economics of War o What did we achive? Why did we enter the war? o War for oil. Economic Policies of Democrats and Republicans o Republicans Economic agenda not yet set. o Democrats Trade with other countries. o 80% of Wal-Mart products are made in either Korea or China. Budget Deficit Governments budget. Past 60 years government over borrows and overspends which creates our National debt. o Spending is more than Income. " Estimated at 9.7 trillion Each family owes $120,000 Value of $ o $2 1 Euro ...
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This note was uploaded on 04/20/2008 for the course ECON 202 taught by Professor Mohammadsafarzadeh during the Spring '08 term at Cal Poly Pomona.

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Econ202-4-2-08lecture - Current Economic Troubles...

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