PAYING THE PRICE FOR THE RECESSION

Only a few years ago, the U.S. financial system and economy were near collapse. The financial chaos inflicted catastrophic damage: double-digit unemployment; crashing house and stock prices; federal budget deficits in the trillions, and a wider gap between the country's haves and have-nots. Today many Americans still feel shell-shocked. But while there remains much to be nervous and frustrated about, it is impressive how much progress has been made in righting the wrongs that got us into this mess. This dramatic turn in the economy's fortunes occurred because of what government did to stem the financial panic and combat the effects of Great Recession.In this book ,you will see how the US paid the price for the recession. Policymakers' unprecedented actions – from Congress' auto and bank bailouts and fiscal stimulus, to the Federal Reserve's zero interest rates and quantitative easing–remain intensely controversial, but ultimately they will be judged a success. Serious problems remain, including the government's mounting debt load and a burgeoning number of disenfranchised workers, but we are on our way to addressing them. Our economic future has arguably never been brighter.I recommend this this book to Economists,Accountants,students and the reading public.
         
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