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Barack Obama assumed office as the 44th president of the United States on January 20, 2009, and his term ended on January 20, 2017.The president has the authority to nominate members of his Cabinet to the United States Senate for confirmation under the Appointments Clause of the United States Constitution.
The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. [1] [2] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents. [3]
Under current law, the outlays are projected to exceed revenues, requiring a 29% reduction in program payments starting around 2030 once the Social Security Trust Fund is exhausted. [26] Defense Spending 2001–2017 Interest to GDP, a measure of debt burden, was very low in 2015 but is projected to rise with both interest rates and debt levels ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
President Obama was first inaugurated in January 2009, in the depths of the Great Recession and a severe financial crisis that began in 2007. His presidency continued the banking bailout and auto industry rescue begun by the George W. Bush administration and immediately enacted an $800 billion stimulus program, the American Recovery and Reinvestment Act of 2009 (ARRA), which included a blend ...
The customary method by which agencies of the United States government are created, abolished, consolidated, or divided is through an act of Congress. [2] The presidential reorganization authority essentially delegates these powers to the president for a defined period of time, permitting the President to take those actions by decree. [3]
The United States Federal Budget for fiscal year 2016 began as a budget proposed by President Barack Obama to fund government operations for October 1, 2015 – September 30, 2016. The requested budget was submitted to the 114th Congress on February 2, 2015. The government was initially funded through a series of three temporary continuing ...
Divided government is seen by different groups as a benefit or as an undesirable product of the model of governance used in the U.S. political system. Under said model, known as the separation of powers, the state is divided into different branches. Each branch has separate and independent powers and areas of responsibility so that the powers ...