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George W. Bush. Bush v. Gore 43 rd President – George W. Bush Economic Policy Entered the White House during an economic recession due to the dot.com.

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Presentation on theme: "George W. Bush. Bush v. Gore 43 rd President – George W. Bush Economic Policy Entered the White House during an economic recession due to the dot.com."— Presentation transcript:

1 George W. Bush

2 Bush v. Gore

3 43 rd President – George W. Bush Economic Policy Entered the White House during an economic recession due to the dot.com bubble burst. Bush administration increased federal government spending from $1.789 trillion to $2.983 trillion (Signed Two Tax Cuts Into Law National Debt Rose from $5.6 (Jan 2001) Trillion to $10.6 Trillion (Jan 2009) GDP growth was an anemic 2.125% Presided over the collapse of the dollar, a skyrocketing gold price and a lack of monetary rules that channeled into a housing and commodity bubble that decimated the economy and financial sector – Great Recession (2008) Government Bailouts and Takeovers Unemployment Rate was at 7.2% when Bush left office

4 George Bush Domestic Policy Teamed up with Senator Ted Kennedy to pass No Child Left Behind – close the gap between rich and poor students, and target more federal funding for lower- income schools – Teachers and schools are held accountable for student performance

5 World Trade Center Attacks On September 11, 2001, the World Trade Center and Pentagon were targets of terrorist actions. This led the U.S. to enter a War on Global Terror.

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8 Patriot Act – Search a home or Business without the owner’s knowledge or consent (sneak and peek) – Search telephone, email, and financial records without a court order – Expanded access of law enforcement agencies to business records, library, and financial records – Enhanced security at the seaports – New powers for the Secret Service – New provisions relating to the death penalty for terrorists – Roving Wiretaps (court approved) – Business Records under FISA – Permit surveillance of Lone Wolf’s

9 Foreign Policy Invasion in Afghanistan in response to the 9/11 attacks – Aimed at destroying the Al-Qaeda and the Taliban – Goal was to Capture Osama Bin Laden

10 War on Iraq Invaded Iraq under the pretense that Saddam Hussein had weapons of mass destruction, is helping/housing terrorists and for not properly accounting for Iraq’s biological and chemical weapon Enhanced Interrogation Techniques for the most hardened terrorist NOT used on every detainee. Waterboarding, Loud Music, Sleep Deprivation, Isolation, Exposure to Extreme Temperatures Used by the CIA and DIA…not authorized for US Army Interrogators – Briefed to members of Congress

11 Hurricane Katrina – After the Hurricane hit the gulf shores, the levees in New Orleans could not hold the water pressure. The levees broke causing the city to flood.

12 BUSH VIDEOS https://www.youtube.com/ watch?v=GSEOd1W3fZA https://www.youtube.com/ watch?v=GSEOd1W3fZA https://www.youtube.com/ watch?v=GmedslmeiUc https://www.youtube.com/ watch?v=GmedslmeiUc https://www.youtube.com/ watch?v=HbJaMWw4-2Q https://www.youtube.com/ watch?v=HbJaMWw4-2Q https://www.youtube.com/ watch?v=zIUzLpO1kxI https://www.youtube.com/ watch?v=zIUzLpO1kxI https://www.youtube.com/ watch?v=Pbt_rizFoxQ https://www.youtube.com/ watch?v=Pbt_rizFoxQ 1 ST Video = 2000 election debacle 2 nd Video = 9/11 timeline 3 rd Video = Katrina 4 th Video = Kanye reacts to Katrina 5 th Video = Bush Bloopers 6 th Video = Will ferrell as Bush

13 Barack Obama

14 44 th President – Barack Obama Economic Policy Will enter office during the Great Recession America Recovery and Reinvestment Act of 2009 - $787 Billion of Economic Stimulus – increased Federal Spending for education, health care, and infrastructure Bailed out GM and Chrysler Increased number of American’s on Food Stamps National debt - Jan. 2009: $10.616 trillion; Jan. 2013: $16.432 trillion (At $5.8 trillion, it's the largest increase in the national debt under one president. The debt equals 104 percent of GDP) Dow Jones Industrial Average - Jan. 2009: 8,077; Jan. 2013 (1/18/2013): 13,616 (It's a 58 percent increase on Mr. Obama's watch) Quarter-to-quarter economic growth went negative in 2009 but returned to the positive side by the end of the year and then recorded lackluster quarterly hikes between 2 percent and 3 percent Worker Participation Rates lowest since Jimmy Carter Dodd – Frank – Aimed at improving accountability, ending “too big to fail”, ending bailouts, and protect consumers from abusive financial services / practices – June 2009, President Obama introduced a proposal for a "sweeping overhaul of the United States financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression. The consolidation of regulatory agencies, Comprehensive regulation of financial markets, Consumer protection reforms including a new consumer protection agency and uniform standards for "plain vanilla" products “] including a proposal that the Federal Reserve receive authorization from the Treasury for extensions of credit in "unusual or exigent circumstances";

15 Domestic Policy Patient Protection and Affordable Care Act - including expanding Medicaid eligibility for people making up to 133% of the federal poverty level (FPL) starting in 2014, subsidizing insurance premiums for people making up to 400% of the FPL ($88,000 for family of four in 2010) so their maximum "out-of-pocket" payment for annual premiums will be from 2 to 9.5% of income. – Providing incentives for businesses to provide health care benefits, prohibiting denial of coverage and denial of claims based on pre-existing conditions, establishing health insurance exchanges, prohibiting annual coverage caps, and support for medical research. – $715 Million Taken from Medicare to fund – Defined full time work as more than 30 hours – Employer mandate for companies over 50 full-time employees Costly mandates that increase premiums and reduce profits, hindered economic growth by businesses deciding not hire the 51st worker or allowing for the 30th hour worked. – 8 million are currently enrolled; 6.1 million lost their insurance due to this act. – The costs of these provisions are offset by taxes, fees, and cost-saving measures, such as new Medicare taxes for those in high-income brackets, taxes on indoor tanning, cuts to the Medicare Advantage program in favor of traditional Medicare, and fees on medical devices and pharmaceutical companies; there is also a tax penalty for those who do not obtain health insurance. Repealed Don’t Ask / Don’t Tell Gulf Oil Spill Keystone Pipeline

16 Foreign Policy Ended Combat Troops in Iraq Increased the use of Drones in Pakistan and Yemen. Authorized the operation to capture / kill Osama Bin Laden Increased the amount of troops in Afghanistan Authorized the use of force in Libya Benghazi 2012 = Islamic militants attacked the American diplomatic compound in Benghazi, Libya,

17 OBAMA 1 st Video = 2008 Election 2 nd Video = Sarah Palin greatest hits 3 rd Video = TEA Party 4 th Video = Benghazi /Boston marathon 5 th Video = Obama care 6 th Video = Slow jam the news * https://www.youtube.com/watch? v=CYT_JjVbcMU *https://www.youtube.com/watch?v =NrzXLYA_e6E *https://www.youtube.com/watch?v =e4-c2SAjLFAhttps://www.youtube.com/watch?v =e4-c2SAjLFA *https://www.youtube.com/watch?v =7FLhvc6_R7chttps://www.youtube.com/watch?v =7FLhvc6_R7c *https://www.youtube.com/watch?v =B8BEU8yTB6A https://www.youtube.com/watch ?v=vAFQIciWsF4 https://www.youtube.com/watch ?v=vAFQIciWsF4


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