1 janv. 2008 - The Great Recession and Economic Bailout

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In 2008 the bank failures thorough the world resulted in a severe economic decline, high unemployment and home foreclosures. In response, President Obama expanded President Bush's bailout of collapsing banks, but also expanded it to include American auto companies, and in 2009 supported passage of an economic stimulus plan that provided federal funds to state and local governments to create jobs and keep employees on their payrolls. These actions increased Executive power as much of Obama's policies were accomplished through executive orders and he reestablished the precedent of the President taking an active role to improve the lives of Americans that was set by FDR.

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