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Domestic Turmoil. Bush(41) Era. US went into deep recession after the Gulf War. By 1989 Defense Spending is 1/3 of Budget. Arms Slow Down. By the early 1990’s the Cold War was over and the need to battle the “evil” Russian would not be a national priority.
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Bush(41) Era • US went into deep recession after the Gulf War. • By 1989 Defense Spending is 1/3 of Budget.
Arms Slow Down • By the early 1990’s the Cold War was over and the need to battle the “evil” Russian would not be a national priority. • During the Cold War defense industries became the largest industries in America. • After CW theses industries laid off workers, this led to a national recession
Wealth Gap • “Trickle Down” economics of the 1980’s made the rich richer and the poor poorer. • Corporate mergers • Junk Bonds • Saving and Loan Scandal • Outsourcing of Jobs • The business tactics of the era made a lifestyle out of money making( Yuppies)
1992 Election • William Jefferson Clinton was Governor of Arkansas. • Related to the MTV generation. • Also in the race: Billionaire Ross Perot, created his own party( Reform). • Bush was out of place and distant • Clinton wins election but does not win with majority. Al Gore Vice President
Clinton Presidency • 1st Term: 1993- 1997 • Attempted healthcare reform • Health and Family Leave Act 1993 • Do Ask Don’t tell • Travelgate • Whitewater • Somalia 1993 • Bosnia 1995 Second Term 1997-2001 Lewinsky Scandal Impeachment
Election of 2000 • Al Gore V. P ( Clinton) vs. George W. Bush • One of the Closest elections in history. • Bush wins the electoral college 271 266 • Florida • Gore won the popular vote
Bush (43) • George W. Bush (Texas) • 2001-2009 • Support of the religious right • 1st Term • September 11, 2001 • No Child Left Behind • Iraq War ( Persian Gulf II) • Afghanistan • Department of Homeland Security • Patriot Act • 2nd Term • Economic recession • Hurricane Katina • Mortgage meltdown
Obama • Barack Hussein Obama • Defeated John McCain (Sen. Arizona) • 2009- Current • 1st Black President • St Northern Democrat elected since JFK. • Yes we Can! • Won Noble Peace Prize • Health Care • Financial Reform