Abstract
In 2008 Obama was able to fix the economy. 2 years later, the spectra of the Giant depression is still looming. The first sign of recession is unemployment reaching records level 9.6% (except during the great depression) second sign: growth decrease 2.5% not enough to decrease unemployment. According to the IMF, world output contracted by 0.6% in 2009, world trade contracted by10.7% in 2009.Opinions differed about of the origins crisis.
Everybody agrees that the crisis started in the US; many people think that Am (American) bankers are responsible of the crisis. Recession is not a US problem but beyond the borders of the country. According to the IMF, world input contracted by 0.6% in 2009 and world trade by 10.7%. Many people think the crisis started in the US because of the US laissez-faire and there is still controversy about the 70's crisis.
