Transcript Barack Obama Presidency File

Barack Obama
Democrat-Illinois
2008-Present
First African American
President
“Change will not come if we wait for
some other person or some other
time. We are the ones we've been
waiting for. We are the change that
we seek.”
2008 Election
• $700 billion bailout for banks approved by
President Bush and Congress shifted the
elections focus to the ECONOMY.
https://www.youtube.com/watch?v=EcRA2AZsR2Q
Hillary Rodham Clinton
• Lost the Democratic nomination
• 3rd Female Secretary of State
was initially reluctant, but eventually
served under Obama.
• Former Senator (NY-D)
• Former First Lady- First to have an office in the
White House.
Hillary graduated from Yale Law School and has
a legal background in children/family policy.
http://www.makers.com/hillary-rodham-clinton
Current Presidential Nominee
American Recovery and Reinvestment Act
February 2009: in direct response to the economic crisis and at the
urging of President Obama, Congress passed the American Recovery
and Reinvestment Act of 2009 or the "stimulus package." Four days
later, the President signed the Recovery Act into law. The three
immediate goals of the Recovery Act were:
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Create new jobs and save existing ones
Spur economic activity and invest in long-term growth
Foster accountability and transparency in government spending
The Recovery Act intended to achieve those goals by providing
funding for:
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Tax cuts for working families and businesses
entitlement programs, such as unemployment benefits
Funding for federal contracts, grants and loans
Effects of ARRA
Although it is difficult to predict the long term effects of ARRA, the immediate
effects have been positive.
• Saved/Created 6 million jobs
• Raised GDP 2-3%
• What are the differences
between ARRA and Supply
Side Economics?
How has ARRA effected Justin, TX?
Unemployment
http://www.recovery.gov/arra/Transparency/RecoveryData/pages/RecipientReportedDataMap.aspx?ZipCode=
76247&PROJSTATUS=NPC&AWARDTYPE=CGL&datasource=recipient
Affordable Care Act: OBAMAcare
Affordable Care Act or “OBAMAcare”, actually
refers to two pieces of legislation: Affordable Care
Act and Heath Care and Education Reconciliation
Act of 2010.
• ALL Americans must be covered by insurance
“Individual Mandate”
• Employers must offer coverage to employees
• “Children” can remain on parents’ plan until 26
• Insurance Plans must cover basic services such
as:
• Prescription Drugs
https://www.youtube.com/
• Maternity Care
watch?v=JZkk6ueZt-U
• Emergency Services
Penalty?
Obama Supreme Court
• Supreme Court Appointees:
– Sonia Sotomayor (2009)
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Born June 25, 1954
From Bronx, New York
She graduated from Yale Law School
First Latina Supreme Court Justice
– Elena Kagan (2010)
• Harvard Law School
• 4th Female Supreme Court Justice
Other Issues of the Obama
Administration
Occupy Wall Street
– protest movement that began on September 17, 2011
– in Zuccotti Park, located in New York City's Wall Street financial district
– receiving global attention and spawning the Occupy movement against social
and economic inequality worldwide
T.E.A. Party Movement
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American political movement
Reduction in the U.S. national debt
Reducing government spending and taxes
A mix of libertarian, populist, and conservative activists. It has sponsored
multiple protests and supported various political candidates since 2009.