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By the time the well was capped and the spill brought under control in July 2010, an estimated 4.9 million barrels of oil had been released into the water. As security conditions in Iraq continued to improve, the new administration began slowly removing U. military personnel, with an announced goal of ending U. combat operations by mid-2010 and exiting the country entirely by late 2011. The groundswell of opposition to the policies of the Obama administration and to “big government” that had given birth to the Tea Party movement took on an anti-Washington, anti-incumbent cast.

It also promised a tax credit to small businesses that provide coverage for their employees. Although the Republicans and some economists criticized the economic stimulus as ineffective and predicted the onset of another recession, others argued that it may have added more than three million new jobs.

Efforts to stabilize the economy included extending billion to automakers Chrysler and General Motors, with the government assuming ownership of 8 percent and 61 percent of each, respectively; the Federal Reserve pumping well over

It also promised a tax credit to small businesses that provide coverage for their employees. Although the Republicans and some economists criticized the economic stimulus as ineffective and predicted the onset of another recession, others argued that it may have added more than three million new jobs.

Efforts to stabilize the economy included extending $80 billion to automakers Chrysler and General Motors, with the government assuming ownership of 8 percent and 61 percent of each, respectively; the Federal Reserve pumping well over $1 trillion into the economy by purchasing Treasury bonds; and the passage of a $787 billion stimulus spending measure.

In the third quarter of 2009, GDP finally turned positive, gaining 2.2 percent on an annualized basis.

There were accusations that it had infused too much money into large banks without placing adequate conditions on them, rather than purchasing “toxic” assets as it had promised.

In the lead-up to the inauguration, Obama and his transition team, working with Bush, persuaded the Senate to release the last half of the TARP funds, promising that they would be targeted at relief for home owners and at stimulating the credit markets.

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It also promised a tax credit to small businesses that provide coverage for their employees. Although the Republicans and some economists criticized the economic stimulus as ineffective and predicted the onset of another recession, others argued that it may have added more than three million new jobs.Efforts to stabilize the economy included extending $80 billion to automakers Chrysler and General Motors, with the government assuming ownership of 8 percent and 61 percent of each, respectively; the Federal Reserve pumping well over $1 trillion into the economy by purchasing Treasury bonds; and the passage of a $787 billion stimulus spending measure.In the third quarter of 2009, GDP finally turned positive, gaining 2.2 percent on an annualized basis.There were accusations that it had infused too much money into large banks without placing adequate conditions on them, rather than purchasing “toxic” assets as it had promised.In the lead-up to the inauguration, Obama and his transition team, working with Bush, persuaded the Senate to release the last half of the TARP funds, promising that they would be targeted at relief for home owners and at stimulating the credit markets.

trillion into the economy by purchasing Treasury bonds; and the passage of a 7 billion stimulus spending measure.

In the third quarter of 2009, GDP finally turned positive, gaining 2.2 percent on an annualized basis.

There were accusations that it had infused too much money into large banks without placing adequate conditions on them, rather than purchasing “toxic” assets as it had promised.

In the lead-up to the inauguration, Obama and his transition team, working with Bush, persuaded the Senate to release the last half of the TARP funds, promising that they would be targeted at relief for home owners and at stimulating the credit markets.

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In the spring of 2010, one of the Obama administration’s big economic initiatives, the financial rescue of General Motors, bore fruit as the automaker recorded its first profits in three years. Responding to the banking and finance meltdown that had precipitated the economic downturn, Congress in July enacted comprehensive financial regulations.

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