The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies.
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Transcript of The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies.
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The Obama Presidency
I. The Obama Vote
II. The Economic Crisis
III. Obama’s Domestic Policies
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From Bush 2004 to Obama 2008
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African-American Population Centers and Obama Vote
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Hispanic Population Centers and Obama Vote
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The Great RecessionMass UnemploymentHome Foreclosures and Bad Mort-
gagesNo Growth in Family IncomeBursting of the Stock Market BubbleThe Decline of the Dollar
The Effects of the Debt Crisis
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The Great Recession
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Mass Unemployment
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Home Foreclosures and Bad Mortgages
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No Growth in Family Income
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Long Term Stock Market Bubble
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Bursting the Bubble: Dow Jones from 2000-09
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Two Trends: Why?
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The Decline of the Dollar
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The automatic effects of recessionDecline in tax revenue because of shrinking economyRise in spending on social programs
Policies that add to deficitbailing out financial institutionseconomic stimulusexpanding access to health care
The Obama Debt: Automatic and Policy Causes
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Soaring Government Debt
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Money for Financial Companies vs. Money for International Aid and Climate
Change
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Socializing Corporate Debt
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Wall Street vs. Wages: 1940s-
2000s
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$789 billion total package•appoximately 2/3 of Korea GDP
$282billion tax cuts (36%)Half of tax cuts for businessHalf of tax cuts for individuals
$70+ billion=broad cut for 95% of taxpayers$60+ billion=cut for wealthier individuals
$507 billion in government spending (64%) $150 billion for infrastructure spending $90 billion to states to pay for health care for poor and unem-
ployed $40+ billion for school construction and upgrading
Elements of Obama Stimulus Package
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Percentage of Americans without Health Insurance
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