C HAPTER 12: C OULD P RESIDENT B ARACK O BAMA R EVERSE THE C YCLE OF H ISTORY ? By: Christle Nourse

P RESIDENT B ARACK O BAMA 2008 Marked the big shift of control from extended conservative era to a more liberal one Barack Obama beat Hillary Clinton in the presidential primaries in spring and summer. He advocated mostly liberal policies like: health care, immigration, education and the environment. He even wanted to remove troops from Iraq. In Presidents Bush’s term the great recession hit in (Banks were in shock, mortgages had to re-set, people faced foreclosure, etc.)

O BAMA ’ S R ESPONSE Republicans proposed the Troubles Asset Relief Program (TARP), which when Obama won in 2008 he agreed to this. Obama also created other plans and acts to help with this issues. (Which he did not get much credit for). American Recovery and Investment Act (ARRA) or known as the Stimulus Plan – It funded social welfare programs. Which wanted to increase jobs, assist people, provide investments, invest in transportation, environmental protection and other economic benefits, and to stabilize state and local government budgets

W HAT WAS THE PLAN THAT O BAMA PUSHED CONGRESS TO WRITE AND ENACT AFTER HE GOT IN OFFICE IN RESPONSE TO THE G REAT R ECESSION ? A) Troubled Asset Relief Program (TARP) B)PATRIOT Act C)Affordable Care Act D)Stimulus Plan *

Work Cited: FOLSOM, BURTON. "Comparing the Great Depression to the Great Recession." Letter. 20 May Comparing the Great Depression to the Great Recession Read More: the-great-depression-to-the-great- recession#ixzz2jJOzYrWT. N.p.: n.p., n.d. N. pag. : The Freeman : Foundation for Economic Education. Foundation for Economic Education, Web. 31 Oct Jannson 2012, page 454