Resilience and perseverance in the journey of Barack Obama. A timeline of obstacles and growth.
Barack Obama, the 44th U.S. President (2009-2017), was the first African-American to hold the office. A Democrat, he served as a U.S. Senator representing Illinois (2005-2008) and an Illinois State Senator (1997-2004). His presidency was marked by significant policy changes and historical milestones, solidifying his place as a notable figure in American history.
The Gallup poll in March 2016 reflected higher concern for race relations in the US than any previous Gallup poll since 2001.
In 2007, the financial crisis began which Obama's administration would later address with the American Recovery and Reinvestment Act of 2009.
The financial crisis of 2007–2008 began, leading to the Great Recession and influencing Obama's policy decisions, eventually leading to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In 2008, the financial crisis reached its peak, requiring intervention from the Obama administration.
The financial crisis of 2007–2008 continued, leading to the Great Recession and influencing Obama's policy decisions, eventually leading to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In 2009, the unemployment rate rose, reaching a peak in October at 10.0 percent and averaging 10.0 percent in the fourth quarter.
Although an April 2010 survey of members of the National Association for Business Economics showed an increase in job creation (over a similar January survey) for the first time in two years, 73 percent of 68 respondents believed the stimulus bill has had no impact on employment.
On April 20, 2010, an explosion destroyed an offshore drilling rig at the Macondo Prospect in the Gulf of Mexico, causing a major sustained oil leak. Obama visited the Gulf, announced a federal investigation, and formed a bipartisan commission to recommend new safety standards.
In July 2010, the Federal Reserve noted that economic activity continued to increase, but its pace had slowed, and chairman Ben Bernanke said the economic outlook was "unusually uncertain".
In February 2011, protests began in Libya against long-time dictator Muammar Gaddafi as part of the Arab Spring. These protests soon turned violent.
On August 2, 2011, President Obama signed the bipartisan Budget Control Act of 2011, which enforced limits on discretionary spending until 2021, established a procedure to increase the debt limit, and created a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction. The Act aimed to prevent a U.S. government default on its obligations.
In 2011, The United States withdrew troops from Iraq. Subsequently, Obama ordered military intervention in Iraq in response to gains made by ISIL following the withdrawal.
On June 28, 2012, the Supreme Court ruled by a 5–4 vote in National Federation of Independent Business v. Sebelius that the individual mandate in the Affordable Care Act (ACA) was constitutional under the U.S. Congress's taxing authority.
In December 2013, President Obama declared that growing income inequality is a "defining challenge of our time" and called on Congress to bolster the safety net and raise wages. Obama also urged Congress to ratify a 12-nation free trade pact called the Trans-Pacific Partnership.
On February 24, 2015, President Obama vetoed a bill that would have authorized the Keystone XL pipeline. It was the third veto of Obama's presidency and his first major veto.
In a March 2016 Gallup poll, nearly one third of Americans said they worried "a great deal" about race relations.
In September 2016, President Obama was snubbed by Xi Jinping and the Chinese Communist Party upon arrival at Hangzhou International Airport for the 2016 G20 Hangzhou summit, receiving no red carpet welcome.
In 2016, President Obama said, "Our coalition could have and should have done more to fill a vacuum left behind" in Libya. He also stated that the lack of preparation following the government's overthrow was the "worst mistake" of his presidency.
In 2016, Russia interfered in the U.S. presidential election.
In 2016, following Russian interference in the U.S. elections, Barack Obama initiated sanctions against Russia.
In 2017, the penalty for violating the individual mandate of the Affordable Care Act was repealed, impacting the enforcement of the act.
In 2019, the repeal of the penalty for violating the Affordable Care Act's individual mandate became effective.
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