Obama's Policies and the 2008 Crisis

What factors contributed to the financial crisis that began in late 2008?

• Short-term economic thinking, speculation, and irresponsible spending

• High interest rates and strict lending policies

• Government overregulation of industries

• A sudden increase in global trade

What did the term "NINJA loan" refer to during the early 2000s?

• Loans given to people with No Income, No Job, and No Assets

• Loans for purchasing mutant ninja turtle merchandise

• Loans with extremely high interest rates for wealthy investors

• Government-backed loans for small businesses

How did the 2008 financial crisis impact the employment landscape for men and women?

• More men than women held paying jobs due to increased manufacturing

• More women than men held paying jobs for the first time in American history

• Both men and women experienced equal job losses across all sectors

• The crisis led to a decrease in jobs for both genders, but men were less affected

What event is identified as the trigger for the widespread financial chaos in 2008?

• A sudden rise in global oil prices

• The bankruptcy of a major investment bank

• A significant increase in government spending

• A widespread strike by manufacturing workers

What was one of President Obama's stated goals when he first took office?

• To increase taxes for all Americans.

• To expand the wars in Iraq and Afghanistan.

• To reduce inequality and increase access to healthcare.

• To reverse all policies of the previous administration.

Which of the following actions did President Obama take regarding women's rights and representation?

• He signed a law that limited women's reproductive rights.

• He appointed the first Hispanic member to his cabinet.

• He signed the Lilly Ledbetter Fair Pay Act and appointed two women to the Supreme Court.

• He focused solely on international diplomacy related to women's issues.

What was the purpose of the American Recovery and Reinvestment Act signed by President Obama?

• To fund new military operations overseas.

• To provide a sweeping stimulus package for the economy.

• To reduce the national debt by cutting government spending.

• To establish a new national park system.

What was a key feature of the Affordable Care Act (Obamacare)?

• It created a government-run insurance plan for all citizens.

• It aimed to reduce the number of uninsured Americans by making private insurance more accessible.

• It completely eliminated private health insurance companies.

• It mandated that all healthcare services be provided free of charge.