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.

Hillary Rodham Clinton Lost the Democratic nomination 3 rd 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. 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: 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: 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? &PROJSTATUS=NPC&AWARDTYPE=CGL&datasource=recipient Unemployment

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 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 Maternity Care Emergency Services watch?v=JZkk6ueZt-U

Penalty?

Obama Supreme Court Supreme Court Appointees: – Sonia Sotomayor (2009) 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 4 th 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 – 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.