A TIME OF DOWNFALL“The Great Recession”

The Housing Industry •Commercial real-estate

fell 7.6% in May 2009

•Both dollar volume and transaction count reached record lows

•The indexes are down 29% from a year ago and 35% from Oct. 2007 peak

•In April it dropped 8.6%

•This makes a two month decline of 16%

Banking IndustryMore banks have failed in the last couple months than in all of 2008

As of Sept. 23 2009 119 banks and counting have failed

Banking Failures

Automotive Industry

GM Started in 1908

Founded in 1902 by William Durrant

$90.4 Billion in U.S. tax payer money was used for the bailout

Unemployment Rates form August 2008 &

August 20092008 2009

Alabama 5.2% 10.4%

California 7.6% 12.2%

District of Columbia 7.2% 11.1%

Kentucky 6.7% 11.1%

Michigan 8.6% 15.2%

Montana 4.6% 6.6%

Unemployment Rates Without Recovery act, and Projected Actual

Free Enterprise!!!!

Citations Wallstreetjournal.com

Wiki.answers.com/Q/what year did general motors start

Google.com

CNN.com

Googleimages.com

CSNBC.com

http://www.swamppolitics.com/news/politics/blog/obama%20with%20mic%20jan%2018%202008.jpg

http://juicyestates.com/files/2009/01/foreclosure-for-sale-sign-with-house-drop.jpg

http://www.fdic.gov/about/strategic/corporate/cfo_report_4qtr_08/image/bank_failures_by_state.gif

http://www.bloggingstocks.com/2009/04/13/77-billion-more-to-bail-out-bankrupt-gm/