Tags: barack obama | signature | early

Barack Obama Signature Moments: 5 Notable Events Before He Became President

By    |   Monday, 24 Nov 2014 06:27 PM

In the years before the Obama presidency, major events affected the way the Barack Obama signature would be affixed to official decisions made on U.S. policy.

Here are five notable events that happened before he took office:

1.
The most significant event that occurred before the Obama presidency was the terrorist attack on U.S. soil on Sept. 11, 2001. The attacks on the World Trade Center and the Pentagon would change U.S. foreign policy for years to come. This would also lead to disagreements on the course of action to take overseas to prevent future terrorism. Obama would make major changes to the Bush administration’s foreign policies after he took office in 2009.

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2. The Iraq war in 2003 that followed the U.S. invasion of Afghanistan occurred while Obama was a state senator in Illinois. He used the situation to emphasize his antiwar stance and spoke openly about his opposition to the Iraqi invasion that overthrew Saddam Hussein. It helped elevate Obama to national stature as he was invited to make a keynote speech at the Democratic National Convention in 2004 before he was elected to the U.S. Senate.

3. The 2006 midterm elections returned control of Congress to the Democrats for the first time in 12 years. It helped clear the way for a possible Democratic victory in the 2008 presidential election. The economy was about to go into a recession, further proving an advantage to Democrats and Obama. When he became president in 2009, he had a super majority in Congress, making it easier to pass the Barack Obama signature Affordable Care Act.

4. The 2008 economic meltdown caused a collapse in the nation’s financial system, leading to staggering housing foreclosures and suddenly unemployed millions in a brutal recession. Ben Bernanke, who was Federal Reserve chairman during the crisis, later called it “the worst financial crisis in global history, including the Great Depression.” The catastrophe occurred during the 2008 presidential campaign to Obama’s benefit.

5. The Troubled Asset Relief Program, also known as TARP, was a federal program to purchase assets from financial institutions following the great financial crisis in 2008. The initiative, signed into law by President Bush, was meant to stimulate the economy, protect the financial system, and save the housing industry from more foreclosures. Some $700 billion was allocated for the program. The Barack Obama signature was placed on the Dodd-Frank Wall Street Reform and Consumer Protection Act, which reduced funding to $475 billion for banks, credit markets, the auto industry, and programs to prevent foreclosures. However, critics say the money was not used as intended to pay down debt, but instead was used on future investments.

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In the years before the Obama presidency, major events affected the way the Barack Obama signature would be affixed to official decisions made on U.S. policy.
barack obama, signature, early
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2014-27-24
Monday, 24 Nov 2014 06:27 PM
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