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Economic Research

One Year After Obama's Election: Regulatory and Fiscal Challenges

At the time of his election in November 2008, President Obama faced with a severe recession, frozen credit markets, record job losses and tumbling home prices. A year later, the economy is out of recession and the administration has boosted investor and consumer confidence by standing ready to back-stop the financial system and stimulate the economy. Of course, myriad problems remain. The unemployment rate is set to cross 10%, credit for American consumers and companies remains tight and (foreign) investor are concerned[...]

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