Economic Report Essay Example | Topics and Well Written Essays - 1500 words

Economic account statement - Essay ExamplePresidents economical performance based on the real Gross Domestic Products The two presidential terms, the graduation term of president Barrack Obama and the last term of President George W. Bush were characterized by the worst economic performance since World War II. The real Gross Domestic Product (GDP) grew by only 4% during the second term of President George W. Bushs tenure, which was the weakest since World War II. During the first term of Obamas tenure, the real GDP grew by 5.9%, the second weakest since World War II. According to NBER (National place of economic research), the most recent recession began in 2007 and ended in 2009. NBER states that economic recession starts when increment is at the crest, and then the nation begins to experience s dispirited economic activity. A recession comes to an end and economic expansion begins after the economic activities hit the economic trough and start to grow again. It kindle be co ncluded that the most recent economic growth was lowest during the last term of George W. Bush and started to peak during Barrack Obamas first term. ... W. Bush, and through and through superb economic policies, he managed to transform it into a lavishness of 2.4% of the GDP in 2000. In addition, fed terml spending dropped from 22% of GDP in 1992 to 18.4% in 2000. It can be concluded that during Clintons era, the economy experienced the highest growth of GDP at 14% due(p) to sound economic policies, low interest rates, and reduced spending that resulted in a relatively low deficient rate. However, some critics state that Bill Clintons economic policies encouraged subprime lending, housing bubble, and economic boom, which were subservient in starting the great recession (Tanzi 58). George H. W. Bush can be remembered for spurring the economy that buoyed Clintons economic prosperity. He inherited from Reagan an economy that had started to enter the recession phase after experiencing a bulky economic prosperity. During his era, the GDP grew by 8.8%, which was a bit higher than those posted by Barrack Obama and George W. Bush. Although his government activity was marked by excessive spending on wars, such as the Gulf War, he managed to assure inflation and provided a good economic pathway for the prosperity of the economy during Bill Clintons era (Grabowski, Self, and Shields 71). Presidents economic performance based on civilian unemployment rate The United States of America has experienced xi recessions since 1948. The federal and state governments have applied several measures to combat recession and minimize civilian unemployment through tax cuts and stimulus spending. In the early 1980s, the economy endured a recession, and the rate of unemployment was at double digits. The of import reason was that the federal government was trying to minimize the inflation that was affecting