Lecture 16 - Wealthy Texas oil family ...

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Unformatted text preview: Wealthy Texas oil family  Attended Yale and Harvard  Returned to Texas and went into the oil business  Governor of Texas  Beats Al Gore in 2000 (Supreme Court decision!) 2004 Election (Electoral Map) Massive tax cuts, especially for the wealthy (supply-side economics)  Bush-Cheney continue deregulation of business and financial sectors  Undercut long-standing environmental regulations that protected natural resources, but hurt businesses profit margins Under Bush, military spending remains high  US military spending and firepower dwarf that of any other nation  Economic growth within the US depends in part on high levels of military spending (Military-Industrial Complex) US remains the worlds economic powerhouse (U.S. GDP in 2009 was 14.2 trillion)  Has influence over other economies through trade, investment, and its power within international financial institutions like the IMF and World Bank Representing the ideals of freedom and democracy, the US has enjoyed status as an idea Pentagon 9/11...
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Lecture 16 - Wealthy Texas oil family ...

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