Since Great Depression, there was the worse economic crisis on the Wall Street at 2008. However, Obama administration gave five Financial Regulation Proposals to recover the crisis. First, Obama wanted to “promote robust supervision and regulation of financial firm”. The Second point is to deconcentrate financial markets. Third is to pretest consumers from financial abuse. Fourth is “reforms must address operational issues that tie regulators hands”. Fifth is regulating international financial institutions.
During Clinton presidency, Clinton established fiscal discipline to reduce the Government spending, pay off national debt and extent Medicare solvency. Also, he opened foreign market; he had 300 free and fair trade agreements with other countries. Especially, he ratified the North America Free Trade Agreement (NAFTA) in 1993 and Permanent Normal Trade Relations with China in 2000. This created 22 million new jobs due to export goods aboard.