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The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies.

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Presentation on theme: "The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies."— Presentation transcript:

1 The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies

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3 From Bush 2004 to Obama 2008

4 African-American Population Centers and Obama Vote

5 Hispanic Population Centers and Obama Vote

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8 The Great Recession Mass Unemployment Home Foreclosures and Bad Mortgages No Growth in Family Income Bursting of the Stock Market Bubble The Decline of the Dollar The Effects of the Debt Crisis

9 The Great Recession

10 Mass Unemployment

11 Home Foreclosures and Bad Mortgages

12 No Growth in Family Income

13 Long Term Stock Market Bubble

14 Bursting the Bubble: Dow Jones from 2000-09

15 Two Trends: Why?

16 The Decline of the Dollar

17 The automatic effects of recession Decline in tax revenue because of shrinking economy Rise in spending on social programs Policies that add to deficit bailing out financial institutions economic stimulus expanding access to health care The Obama Debt: Automatic and Policy Causes

18 Soaring Government Debt

19 Money for Financial Companies vs. Money for International Aid and Climate Change

20 Socializing Corporate Debt

21 Wall Street vs. Wages: 1940s-2000s

22  $789 billion total package appoximately 2/3 of Korea GDP  $282billion tax cuts (36%) Half of tax cuts for business Half 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 unemployed $40+ billion for school construction and upgrading Elements of Obama Stimulus Package

23 Percentage of Americans without Health Insurance

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