gloria's+outline

Recession in the U.S.A I.Recession in the U.S.A is causing an economic crisis a. Home foreclosure has risen 57 percent in the past year. b.Job are being lost due to the recession c. Gas prices were risng II.More and more people have lost their home due to foreclosure a.The U.S. foreclosure rate last month was one filing for every 534 homes b.During the past year, 30 states saw an increase in the number of homes that had received at least one filing. c.January’s tally represented an 8 percent hike from December. d.After experiencing huge losses due to fallout from the subprime mortgage crisis, over 220 mortgage lenders have filed bankruptcy, gone out of business, or significantly reduced their lending policies, since 2006. III.Many people are finding it hard to keep and find a job due to the fact that profits are down. a.job are losing profits because a lot of people aren't splurging on money b.The 2008 tally soars after payrolls shrink by 533,000 in November, the biggest one-month decline in nearly 34 years. Unemployment soars to 6.7%. c. There has been a total of one millions in the year of 2008 d. It has been the biggest job lost since 1974 IV. Gas prices were rising a. In early 2008 gas prices were at a high of nearly four dollars. b. the prices varied from state to state c. the gas prices started the decrease in early october V. Due to the recessiomn the following a. a. Home foreclosure has risen 57 percent in the past year. b.Job are being lost due to the recession c. Gas prices were risng