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 RecessionMass UnemploymentHome Foreclosures and Bad Mort-

gagesNo Growth in Family IncomeBursting of the Stock Market BubbleThe 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 2000-09

Two Trends: Why?

The Decline of the Dollar

The automatic effects of recessionDecline in tax revenue because of shrinking economyRise in spending on social programs

Policies that add to deficitbailing out financial institutionseconomic stimulusexpanding 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 businessHalf 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 unem-

ployed $40+ billion for school construction and upgrading

Elements of Obama Stimulus Package

Percentage of Americans without Health Insurance