The [[Obama Administration]] got off to a fast start taking on more government debt to finance massive bailouts to banks, increased regulation, and deep intervention in the automobile industry. All those policies were begun by Bush, and had failed to reverse the decline from the [[Recession of 2008]]. After Democrats passed the Economic Recovery Act of 2009, [[unemployment]] increased from below 7% to 10%.<ref>{{cite web|url=http://www.bls.gov/news.release/empsit.nr0.htm|title=Employment Situation Summary|work=Bureau of Labor Statistics|date=August 1, 2014|accessdate=August 5, 2014}}</ref> | The [[Obama Administration]] got off to a fast start taking on more government debt to finance massive bailouts to banks, increased regulation, and deep intervention in the automobile industry. All those policies were begun by Bush, and had failed to reverse the decline from the [[Recession of 2008]]. After Democrats passed the Economic Recovery Act of 2009, [[unemployment]] increased from below 7% to 10%.<ref>{{cite web|url=http://www.bls.gov/news.release/empsit.nr0.htm|title=Employment Situation Summary|work=Bureau of Labor Statistics|date=August 1, 2014|accessdate=August 5, 2014}}</ref> |