Academic Perspective

The United States of today bears little resemblance to the nation born in 1776. America made a conscious decision then that it would sacrifice peace, a reasonably stable economy, and a few years of prosperity to win its independence.  For a relatively conservative country, the U.S. has become remarkably attached to the freedoms it won. [...]

For an overview of the bailout and stimulus acts passed in response to the financial crisis of 2007-2009, please read The Bailout and Stimulus of the American Economy
Economists have called it the worst financial crisis since the Great Depression. Unemployment is at its highest rate in nearly three decades. Companies are declaring bankruptcy right and [...]