1. www.buschistory.net Topic 30

2.  The 2000 Pres. Election was too close to call  Florida’s 25 Electors were in dispute  Two recounts occurred - challenger Al Gore wanted a third  Gore V. Bush – The Supreme Court ruled that Florida had to stop counting and award their electors. The decision was “non-precedent setting.”

4. The networks giveth and the Networks take away

6. A new word came into vogue – Chads! (Dangling, pregnant, and of course - dimpled

7. September 11 2001, 19 militants associated with the Islamic extremist group al-Qaeda hijacked four airliners and carried out suicide attacks against U.S. targets. Two planes were flown into the towers of the World Trade Center, a third plane hit the Pentagon, and the fourth plane crashed in a field in Pennsylvania. 2,977 people were killed in the combined attacks

8.  Response to terrorist attacks  Led to wars in Afghanistan and Iraq  Patriot Act  Huge Deficit and Debt

9.  Greatly expanded surveillance and law enforcement procedures  Civil Liberties were questioned Created the Department of Homeland Security

10.  Oct. 7, 2001 – U.S. began bombing  Attacked Al-Qaeda camps and the Taliban (supporters of bin Laden)

12. Afghan War Facts $403B as of April 2011 (CBO) $3.6 B Monthly (CRS 2011) Cost of deploying one U.S. soldier for one year in Afghanistan - $1 million (Congressional Research Service)Congressional Research Service US Troop Casualties – 1,562 (DOD May 2011) Wounded – 11,314 (DOD May 2011) Total US Troops in Afghanistan – 94,000 as of May 2011

13.  March 20, 2003 – U.N. coalition forces (led by the U.S.) invaded Iraq  May 1 2003 – Mission Accomplished speech

15.  Based on faulty intelligence that Iraq had weapons of mass destruction  Used chemical weapons against the Kurds in Iraq

16.  Feb. 5, 2003  Testified before the UN that Iraq had weapons of mass destruction  Later regretted the speech  https://www.youtube. com/watch?v=5QfSZ9 VDN4U https://www.youtube. com/watch?v=5QfSZ9 VDN4U

17. Troops in Iraq – Total May 2011 - 47,000 U.S. troops. All other nations have withdrawn their troops. (May 2011) U.S. Troop Casualties – 33,186 US troops; 98% male. 91% non-officers; 82% active duty, 11% National Guard; 74% Caucasian, 9% African-American, 11% Latino. 19% killed by non-hostile causes. 54% of US casualties were under 25 years old. 72% were from the US Army (Global Security.org) US Troops Wounded - 30,182, 20% of which are serious brain or spinal injuries. (Total excludes psychological injuries.) (Global Security.org) US Military Helicopters Downed in Iraq - 75 total, at least 36 by enemy fire (CBO 2010)

18. U.S. SPENDING IN IRAQ since March 1, 2003 About $900 billion as of November 2010. (CBO 2010) Lost & unaccounted for in Iraq - $9 billion of US taxpayers' money and $549.7 milion in spare parts shipped in 2004 to US contractors. Also, per ABC News, 190,000 guns, including 110,000 AK-47 rifles.per ABC News Missing - $1 billion in tractor trailers, tank recovery vehicles, machine guns, rocket-propelled grenades and other equipment and services provided to the Iraqi security forces. (Per CBS News on Dec 6, 2007.)CBS News on Dec 6, 2007 Mismanagement - $10 billion, per Feb 2007 Congressional hearings Cost of deploying one U.S. soldier for one year in Iraq - $390,000 (Congressional Research Service)Congressional Research Service

19.  Dec. 2007- June 2009  Housing Bubble Burst – Sub Prime Crisis ◦ Irresponsible lending to encourage home purchases ◦ Inflated housing prices collapsed ◦ Adjustable Mortgages outpaced earning power ◦ The “Upside Down Mortgage” ◦ Unable to pay, many just walked away ◦ How would this impact on the economy?

20.  Banks Lost Billions  Loss of available Credit  Loss of Spending – Consumption  Loss of Business investment  Unemployment Skyrocketed  8.4 Million jobs lost – most since the Great Depression

21.  Republican – John McCain  Democrat – Barack Obama  First African American president

23.  TARP (Troubled Asset Relief Program) October 3, 2008 - $700B authorized to invest in Non-Bank financial institutions – JP Morgan/Chase  As of Dec. 2012 – 97% of the actual $418B dispersed has been repaid – CBO  Tough Election Year sell – McCain v. Obama

24.  The Domestic Auto Industry – greatly impacted by the loss of credit, high unemployment, high fuel prices, and losses from investments  GM and Chrysler teetered on total failure  17M cars sold 2008 - 10M sold 2009  Dec 2008 – Bush Administration allocated $17B in loans and gov’t purchase of securities on Chrysler and GM  Spring 2009 – Chrysler and GM file for Bankruptcy protection.

25. http://visualeconomics.creditloan.com/a- detailed-look-at-tarp/ Capitalism V. Socialism Government Intervention Deficit and Debt Credibility of the Banking System

26. http://www.brillig.com/debt_clock/ Deficit and Debt The Outstanding Public Debt May 11 2011 at 02:40:53 PM GMT and April 13, 2014 5:35 PM GMT The estimated population of the United States is 310,547,549 so each citizen's share of this debt is $46,152.74. The National Debt has continued to increase an average of $4.03 billion per day since September 28, 2007. From the largest Surplus to the largest debt in US History

27. The Presidents

28. Comparing Deficit and Debt

29. Unemployment

30. Taxes paid by the top 10% of income earners since 1913

32. Taxes and the Budget Our Friends

33. Democrat Republican  More Activist Government  Direct help to the people and the economy through government action and investment in the economy  Tax increases on the wealthiest Americans to support government actions  Less government intervention in the economy  Lower Taxes  The “Job Creators” must not be burdened by excessive taxes or government regulations