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The country is facing among its most distressed situations. This national country provides fallen from its once great position, undermined by corporate greed, and armed service threats. We reached our nation’s elevation in the 1950’s and on in to the 1960’s. Several elements have helped to donate to this decline from the developing deficit, to the instability of Iran’s proliferation and the pugilative war on terrorism. Our economy took a tumble in December 2007 our gross domestic product also continued to diminish. However, congress didn't recognize the signs of the recession until December 2008 (Isidore). During this time period mass layoffs and several business closures occurred. The economy has been a huge issue even before Obama came into office. Among the first factors of the recession was the housing marketplace which has taken popular. Several families have already been pressured out of their homes if they have became struggling to make their mortgage repayments. Seven . 5 million mortgages were overdue or being foreclosed on (Felton 35). At least one million various other homes are on the brink of foreclosure. If you are with out a true home it really is much more difficult to flee the vicious routine of poverty, you cannot obtain a job since you don't have a long lasting address thus just pushing the country farther into despair. The nation’s deficit has already reached 13,000,000,000,000 dollars a lot more than it offers ever reached before and continues to be expected to increase to around 14,000,000,000,000 dollars prior to the final end of 2010. The National government has put a spending freeze to help counter act the expected increase of spending (Stein). The freeze makes congress allocate their cash for new task by cutting other providers. The result of the freeze is definitely likely to save the natio...