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

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Presentation transcript:

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

From Bush 2004 to Obama 2008

African-American Population Centers and Obama Vote

Hispanic Population Centers and Obama Vote

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

The Great Recession

Mass Unemployment

Home Foreclosures and Bad Mortgages

No Growth in Family Income

Long Term Stock Market Bubble

Bursting the Bubble: Dow Jones from

Two Trends: Why?

The Decline of the Dollar

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

Soaring Government Debt

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

Socializing Corporate Debt

Wall Street vs. Wages: 1940s-2000s

 $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

Percentage of Americans without Health Insurance