Many things contributed to the Great Recession of 2007 - 2010. Excessively loose monetary
policy, massive foreign borrowing, and other factors that all led up to the crisis. Still, to this day,
there are differences in causes that we continue to debate about. However, there should be no
disagreement over the simple fact that there were warning signs. The signs were so clear, we
could see right through it. The Bush Administration could've reduced the fiscal deficits that
prompted foreign borrowing, The Federal Reserve could have raised lending rates, and so forth.
However, no one did anything. The National government can avoid future recessions if they're
willing to act on time and no after the damage is done. Creating a strategically thought out plan
to avoid another recession should be taken place. America cannot afford to go through another
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