Obama
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- 2. WHO IS OBAMA? • Barrack Hussein Obama II • Born on August 4, 1961 • 44th and current President of The United States of America • First African American to hold the office • Raised by single mother, Stanley Ann Dunham • Graduate of Columbia University and Harvard Law School • Got attention during his 2004 campaign to represent Illinois in the Unite States Senate
- 3. What Obama Inheritedin 2008 from Bush? • Afghanistan and Iraq war • The great recession of 2008 • Economy growing at just 2% per annum • Increase in rate of suicides due to acute unemployment • Low standard of medical facilities • High fiscal deficit • No faith of consumers in the government
- 4. And when Obamacame…..
- 6. • He knewthat the youth of The USA is an important asset •He gave the popular slogan ‘Yes we can’ •He sought their help to revive the country’s economic health
- 7. Obam uni ted t he whol e a nat i on and m anaged t o gai n t hei r t r ust dur i ng hi s f i r st r egi me!
- 9. While his predecessor s init iat ed war s… ended .he t hem…
- 10. How he tackledthe economic crunch: • Campaigned against the bankers who were foreclosing homes • Campaigned against oil companies who were increasing prices in spite of making huge profits • Campaigned against wall street brokers who manipulated stock prices • Bail out for banks who were under huge debt • Worked hard to make health care affordable • Reversed his predecessor’s pro rich tax policies
- 11. And his policiesfostered great results !!!
- 12. And after winninghis second term….
- 13. H has kepthis promises, e made during his winning speech, so far :
- 14. It is said- WhenAmerica sneezes Whole world catches cold !
- 15. And the recessionduring 2008 made its impact felt in the world economy ! The whole world suffered recession !
- 16. But with therevolutionary Fiscal Cliff policy proposed on 1st January, 2013, the world share markets saw a remarkable rise in the shares !
- 17. Main Proposals ofFiscal cliff policy: • Spending cuts • taxes rise for families making more than $450,000 and individuals above $400,000 a year
- 19. HE SAID ‘YESW CAN’ E AND HE DID !!!!!!