Brief description of the fiscal policy of the United States; would you describe it as expansionary...

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Brief description of the fiscal policy of the United States; would you describe it as expansionary or contractionary; explain and discuss if and how this has changed over the past 5 years

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Brief description of the fiscal policy of the United States; would you describe it as expansionary or contractionary; explain and discuss if and how this has changed over the past 5 years
US was in the grip of an economic crisis in 2007-08 on account of the subprime loans and the consequent fall of financial institutions.  This saw a sharp decline in GDP growth rate in US along with a record high unemployment rate of 9%.

Brief description of the fiscal policy of the United States; would you describe it as expansionary or contractionary; explain and discuss if and how this has changed over the past 5 years

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