BARACK OBAMA Biography

In February 2007, Obama made headlines when he announced his candidacy for the 2008 Democratic presidential nomination. He was locked in a tight battle with former first lady and then-U.S. senator from New York Hillary Rodham Clinton. On June 3, 2008, however, Obama became the presumptive nominee for the Democratic Party, and Senator Clinton delivered her full support to Obama for the duration of his campaign. On November 4, 2008, Barack Obama defeated Republican presidential nominee John McCain, 52.9 percent to 45.7 percent, winning election as the 44th president of the United States and the first African-American to hold this office. His running mate, Delaware Senator Joe Biden, became vice president. Obama's inauguration took place on January 20, 2009.

When Obama took office, he inherited a global economic recession, two ongoing foreign wars and the lowest international favorability rating for the United States ever. He campaigned on an ambitious agenda of financial reform, alternative energy, and reinventing education and health care all while bringing down the national debt. Because these issues were intertwined with the economic well-being of the nation, he believed all would have to be undertaken simultaneously. During his inauguration speech, Obama summarized the situation by saying, "Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America: They will be met."

First 100 Days

Between Inauguration Day and April 29, 2009, the Obama Administration took to the field on many fronts. Obama coaxed Congress to expand health care insurance for children and provide legal protection for women seeking equal pay. A $787 billion stimulus bill was passed to promote short-term economic growth. Housing and credit markets were put on life support, with a market-based plan to buy U.S. banks' toxic assets. Loans were made to the auto industry, and new regulations were proposed for Wall Street. He also cut taxes for working families, small businesses and first-time home buyers. The president also loosened the ban on embryonic stem cell research and moved ahead with a $3.5 trillion budget plan.

Over his first 100 days in office, President Obama also undertook a complete overhaul of America's foreign policy. He reached out to improve relations with Europe, China and Russia and to open dialogue with Iran, Venezuela and Cuba. He lobbied allies to support a global economic stimulus package. He committed an additional 21,000 troops to Afghanistan and set an August 2010 date for withdrawal of U.S. troops from Iraq. In more dramatic incidents, he took on pirates off the coast of Somalia and prepared the nation for a swine flu attack. For his efforts, he was awarded the 2009 Nobel Peace Prize by the Nobel Committee in Norway.

2010 State of the Union

On January 27, 2010, President Obama delivered his first State of the Union speech. During his oration, Obama addressed the challenges of the economy, proposing a fee for larger banks, announcing a possible freeze on government spending in 2010 and speaking against the Supreme Court's reversal of a law capping campaign finance spending. He also challenged politicians to stop thinking of re-election and start making positive changes, criticizing Republicans for their refusal to support any legislation, and chastizing Democrats for not pushing hard enough to get legislation passed. He also insisted that, despite obstacles, he was determined to help American citizens through the nation's current domestic difficulties. "We don't quit. I don't quit," he said. "Let's seize this moment to start anew, to carry the dream forward, and strengthen our union once more."

In the second part of his term as president, Obama has faced a number of obstacles and scored some victories as well. He signed his health-care reform plan, known as the Affordable Care Act, into law in March 2010. Obama's plan is intended to strengthen consumers' rights and to provide affordable insurance coverage and greater access to medical care. His opponents, however, claim that "Obamacare," as they have called it, added new costs to the country's overblown budget and may violate the Constitution with its requirement for individuals to obtain insurance.

On the economic front, Obama has worked hard to steer the country through difficult financial times. He signed the Budget Control Act of 2011 in effort to rein in government spending and prevent the government from defaulting on its financial obligations. The act also called for the creation of a bipartisan committee to seek solutions to the country's fiscal issues, but the group failed to reach any agreement on how to solve these problems.

Obama has also handled a number of military and security issues during his presidency. In 2011, he helped repeal the military policy known as "Don't Ask, Don't Tell," which prevented openly gay troops from serving in the U.S. Armed Forces. He also gave the green light to a 2011 covert operation in Pakistan, which led to the killing of infamous al-Qaeda leader Osama bin Laden by a team of U.S. Navy SEALs.

Obama made headlines again in June 2012, when a mandate included in his Patient Protection and Affordable Care Act (initiated in 2010) was upheld by the U.S. Supreme Court, thus allowing other important pieces of the law to stay intact. The law includes free health screenings for certain citizens, restrictions to stringent insurance company policies and permission for citizens under age 26 to be insured under parental plans, among several other provisions. In a 5/4 decision, the Court voted to uphold the mandate under which citizens are required to purchase health insurance or pay a tax a main provision of Obama's health care law stating that while the mandate is unconstitutional, according to the Constitution's commerce clause, it falls within Congress' constitutional power to tax.

2012 Re-Election

As he did in 2008, during his campaign for a second presidential term, Obama focused on grassroots initiatives. Celebrities such as Anna Wintour and Sarah Jessica Parker aided the president's campaign by hosting fund-raising events.

In the 2012 election, Obama faced Republican opponent Mitt Romney and Romney's vice-presidential running mate,  U.S. Representative Paul Ryan. On November 6, 2012, Obama was announced as the winner of the election, gaining a second four-year term as president.