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| | In the [[United States presidential election, 2004|2004 Presidential election]] Bush won reelection, helped in part by a 300,000 vote victory (5%) in the State of Florida, where the outcome had been so close in 2000 <ref>[http://election.dos.state.fl.us/elections/resultsarchive/SummaryRpt.asp?ElectionDate=11/2/2004&Race=PRE&DATAMODE= Florida Election Records], ''[[Florida Dept. of State]]''</ref>. Democratic candidate [[John Kerry]] conceded defeat the day after the election. | | In the [[United States presidential election, 2004|2004 Presidential election]] Bush won reelection, helped in part by a 300,000 vote victory (5%) in the State of Florida, where the outcome had been so close in 2000 <ref>[http://election.dos.state.fl.us/elections/resultsarchive/SummaryRpt.asp?ElectionDate=11/2/2004&Race=PRE&DATAMODE= Florida Election Records], ''[[Florida Dept. of State]]''</ref>. Democratic candidate [[John Kerry]] conceded defeat the day after the election. |
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| − | == Foreign policy == | + | ==Presidency (2001-2009)== |
| − | George W. Bush has spent most of his Presidency focusing on foreign policy issues, namely the war on terror in response to the September 11, 2001 terrorist attacks against the USA. In his [[State of the Union]] address on January 29, 2002, he asserted that an "[[axis of evil]]" consisting of [[North Korea]], [[Iran]], and [[Iraq]] was "arming to threaten the peace of the world" and "pose[d] a grave and growing danger".<ref>[http://www.whitehouse.gov/news/releases/2002/01/20020129-11.html Presidential State of the Union Address] [[January 29]] [[2002]].</ref> Since then, the Bush administration has pursued military action in [[Afghanistan]] and, more controversially, in [[Iraq]], with the stated aims of eliminating threats to United States security and combating [[terrorism]]. | + | |
| | + | ===Economic issues=== |
| | + | Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in [[taxation]] over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the [[Estate tax|tax on estates]]. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref> |
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| | + | Since the tax cuts, [[IRS]] revenues increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts, it is the largest four-year revenue increase in U.S. history<ref>http://online.wsj.com/article/SB119189497675953035.html?mod=googlenews_wsj</ref> |
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| | + | Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007, although the [[NASDAQ]] is still down considerably from the levels it was at before the Dot-com bubble burst. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> Bush signed into law a minimum wage increase, one of the platforms for the Democrats in the 2006 Congressional elections, after the House and Senate included Bush's request of provisions for small-business tax breaks.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref><ref>http://www.washingtonpost.com/wp-dyn/content/article/2007/01/10/AR2007011001666.html</ref> Tax policies have been favorable to reducing the [[Capital Gains Tax]], with a subsequent surge in investment. |
| | + | |
| | + | === Foreign policy === |
| | + | |
| | + | George W. Bush has spent most of his Presidency focusing on foreign policy issues, namely the war on terror in response to the September 11, 2001 terrorist attacks against the USA, when a series of terrorist attacks destroyed the twin towers of the [[World Trade Center]] and severely damaged the [[Pentagon]], resulting in the deaths of an estimated 3,000 people. On October 8, 2001, during an address to [[Congress]], President Bush announced the establishment of the Department of Homeland Security. In his [[State of the Union]] address on January 29, 2002, he asserted that an "[[axis of evil]]" consisting of [[North Korea]], [[Iran]], and [[Iraq]] was "arming to threaten the peace of the world" and "pose[d] a grave and growing danger".<ref>[http://www.whitehouse.gov/news/releases/2002/01/20020129-11.html Presidential State of the Union Address] [[January 29]] [[2002]].</ref> Since then, the Bush administration has pursued military action in [[Afghanistan]] and, more controversially, in [[Iraq]], with the stated aims of eliminating threats to United States security and combating [[terrorism]]. |
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| | ===Afghanistan=== | | ===Afghanistan=== |
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| | In a show down with Congressional Democrats after taking control of the [[U.S. House of Representatives]] and [[U.S. Senate|Senate]] in the 2006 Congressional Midterm elections, Democrats retreated on their pledge to end the [[Iraq War]] early and bring the troops home. Democrats had threatened to withhold funding for the troops unless a date certain for withdrawal was set. After the final vote, 280-142 in the House and 80-14 in the Senate, the anti-War movement was defeated. The deal cut with Democratic leaders in exchange for their acquiescing to fund the troops calls for the President to sign legislation raising the [[minimum wage]]. <ref>[http://washingtontimes.com/national/20070525-122215-4854r.htm Congress OKs war bill sans time-line,] By S.A. Miller, The Washington Times'', May 25, 2007. </ref> One commentator remarked, "Despite all the talk of standing up to George W. Bush, despite all the bravado about taking control of Congress, despite the so-called mandate to change direction, Democrats caved....They claim that the majority of Americans are with them on the Iraq issue, but...President Bush, at the weakest moment of his presidency, still bested his Democratic rivals." <ref>[http://www.newmediajournal.us/staff/phyrillas/05292007.htm Democrats Show True Colors], Tony Phyrillas, ''New Media journal'', May 29, 2007, </ref> | | In a show down with Congressional Democrats after taking control of the [[U.S. House of Representatives]] and [[U.S. Senate|Senate]] in the 2006 Congressional Midterm elections, Democrats retreated on their pledge to end the [[Iraq War]] early and bring the troops home. Democrats had threatened to withhold funding for the troops unless a date certain for withdrawal was set. After the final vote, 280-142 in the House and 80-14 in the Senate, the anti-War movement was defeated. The deal cut with Democratic leaders in exchange for their acquiescing to fund the troops calls for the President to sign legislation raising the [[minimum wage]]. <ref>[http://washingtontimes.com/national/20070525-122215-4854r.htm Congress OKs war bill sans time-line,] By S.A. Miller, The Washington Times'', May 25, 2007. </ref> One commentator remarked, "Despite all the talk of standing up to George W. Bush, despite all the bravado about taking control of Congress, despite the so-called mandate to change direction, Democrats caved....They claim that the majority of Americans are with them on the Iraq issue, but...President Bush, at the weakest moment of his presidency, still bested his Democratic rivals." <ref>[http://www.newmediajournal.us/staff/phyrillas/05292007.htm Democrats Show True Colors], Tony Phyrillas, ''New Media journal'', May 29, 2007, </ref> |
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| − | == Economic issues ==
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| − | Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in [[taxation]] over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the [[Estate tax|tax on estates]]. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref>
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| − | Since the tax cuts, [[IRS]] revenues increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts, it is the largest four-year revenue increase in U.S. history<ref>http://online.wsj.com/article/SB119189497675953035.html?mod=googlenews_wsj</ref>
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| − | Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007, although the [[NASDAQ]] is still down considerably from the levels it was at before the Dot-com bubble burst. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> Bush signed into law a minimum wage increase, one of the platforms for the Democrats in the 2006 Congressional elections, after the House and Senate included Bush's request of provisions for small-business tax breaks.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref><ref>http://www.washingtonpost.com/wp-dyn/content/article/2007/01/10/AR2007011001666.html</ref> Tax policies have been favorable to reducing the [[Capital Gains Tax]], with a subsequent surge in investment.
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| | == Family == | | == Family == |