Obama intervened in the troubled automotive industry in March 2009, renewing loans for General Motors and Chrysler to continue operations while reorganizing. Over the following months the White House set terms for both firms' bankruptcies, including the sale of Chrysler to Italian automaker Fiat and a reorganization of GM giving the U.S. government a temporary 60% equity stake in the company, with the Canadian government taking a 12% stake. In June 2009, dissatisfied with the pace of economic stimulus, Obama called on his cabinet to accelerate the investment. He signed into law the Car Allowance Rebate System, known colloquially as "Cash for Clunkers," which temporarily boosted the economy.
John McCain was nominated as the Republican candidate, and he selected Sarah Palin as his running mate. The two candidates engaged in three presidential debates in September and October 2008. On November 4, Obama won the presidency with 365 electoral votes to 173 received by McCain. Obama won 52.9% of the popular vote to McCain's 45.7%. He became the first African American to be elected president. Obama delivered his victory speech before hundreds of thousands of supporters in Chicago's Grant Park.
More InfoOn March 11, 2009, Obama created the White House Council on Women and Girls, which formed part of the Office of Intergovernmental Affairs, having been established by Executive Order 13506 with a broad mandate to advise him on issues relating to the welfare of American women and girls. The council was chaired by Senior Advisor to the President Valerie Jarrett. Obama also established the White House Task Force to Protect Students from Sexual Assault through a government memorandum on January 22, 2014, with a broad mandate to advise him on issues relating to sexual assault on college and university campuses throughout the United States. The co-chairs of the Task Force were Vice President Joe Biden and Jarrett. The Task Force was a development out of the White House Council on Women and Girls and Office of the Vice President of the United States, and prior to that the 1994 Violence Against Women Act first drafted by Biden.
More InfoIn June 1989, Obama met Michelle Robinson when he was employed as a summer associate at the Chicago law firm of Sidley Austin. Robinson was assigned for three months as Obama's adviser at the firm, and she joined him at several group social functions but declined his initial requests to date. They began dating later that summer, became engaged in 1991, and were married on October 3, 1992. After suffering a miscarriage, Michelle underwent in vitro fertilization to conceive their children. The couple's first daughter, Malia Ann, was born in 1998, followed by a second daughter, Natasha ("Sasha"), in 2001. The Obama daughters attended the University of Chicago Laboratory Schools. When they moved to Washington, D.C., in January 2009, the girls started at the Sidwell Friends School. The Obamas have two Portuguese Water Dogs; the first, a male named Bo, was a gift from Senator Ted Kennedy. In 2013, Bo was joined by Sunny, a female.
More InfoIn June 1989, Obama met Michelle Robinson when he was employed as a summer associate at the Chicago law firm of Sidley Austin. Robinson was assigned for three months as Obama's adviser at the firm, and she joined him at several group social functions but declined his initial requests to date. They began dating later that summer, became engaged in 1991, and were married on October 3, 1992. After suffering a miscarriage, Michelle underwent in vitro fertilization to conceive their children. The couple's first daughter, Malia Ann, was born in 1998, followed by a second daughter, Natasha ("Sasha"), in 2001. The Obama daughters attended the University of Chicago Laboratory Schools. When they moved to Washington, D.C., in January 2009, the girls started at the Sidwell Friends School. The Obamas have two Portuguese Water Dogs; the first, a male named Bo, was a gift from Senator Ted Kennedy. In 2013, Bo was joined by Sunny, a female.
More InfoOn February 10, 2007, Obama announced his candidacy for President of the United States in front of the Old State Capitol building in Springfield, Illinois. The choice of the announcement site was viewed as symbolic because it was also where Abraham Lincoln delivered his historic "House Divided" speech in 1858. Obama emphasized issues of rapidly ending the Iraq War, increasing energy independence, and reforming the health care system, in a campaign that projected themes of hope and change.
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