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The Obama Presidency. The Obama Vote The Economic Crisis Obama’s Domestic Policies. From Bush 2004 to Obama 2008. African-American Population Centers and Obama Vote. Hispanic Population Centers and Obama Vote. The Effects of the Debt Crisis. The Great Recession
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The Obama Presidency The Obama Vote The Economic Crisis Obama’s Domestic Policies
The Effects of the Debt Crisis 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 Obama Debt: Automatic and Policy Causes 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
Money for Financial Companies vs. Money for International Aid and Climate Change
Elements of Obama Stimulus Package • $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