2. In his inaugural address, Obama offered a stark rebuke to eight years of Bush policies and, instead of
“freedom,” spoke of community and responsibility.
IV. Obama in Office
1. In many ways, Obama’s first policy initiatives lived up to the promise of change.
a. Sonia Sotomayor
3. The explosion of a BP oil rig in the Gulf of Mexico highlighted the downsides of globalization and
deregulation.
A. Health Care Debate
1. Obama’s first year was dominated by a congressional battle over the restructuring of the nation’s health
care system to insure the millions of uninsured and end insurance companies’ abusive practices.
2. Following bitter partisan debate, in 2010 Congress passed a bill that required all Americans to purchase
repeal it when possible.
a. The government shutdown
5. By 2015, the health care reform law, or “Obamacare,” had proved a successful policy with 16 million
more Americans obtaining medical coverage (most with some sort of subsidy assistance).
6. Twenty-three Republican-controlled state governments refused the expansion of Medicaid coverage.
B. Financial Reform
1. Financial regulatory reform also occurred in 2010, but the power of big banks and Wall Street remained
largely unchallenged, and homeowners received little assistance.
2. The most dramatic domestic reform legislation since the Great Society did not go far enough for many
C. The Problem of Inequality
1. In 2014, the economic recovery gathered momentum, but most of the benefit went to the top 1 percent
of earners, while the middle class continued to shrink and the number of people in poverty grew.
2. At the bottom of the social scale, many workers employed by America’s largest corporations earned
very low wages and had difficulty coping in their living situations.
D. The Occupy Movement
1. Economic inequality took center stage in 2011 when protestors camped out in parks and held rallies