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2008 Year in Review

News of the Nation, 2008

News of the nation in 2008 from the financial crisis to the presidential election

by Beth Rowen and Holly Miller
Barack Obama

Barack Obama

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Historic Presidential Election

Barack Obama prevailed over John McCain and will become the nation's first African-American president

Obama Assembles a Centrist Administration

Obama's cabinet picks are known for their experience and resolve

Democrats Gain Seats in Congress

The 2008 congressional races featured several headline-making scandals and upsets

Financial Crisis Hits Hard

The grim financial situation hit many aspects of the U.S. economy and our pocketbooks

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The Titanic was designed to hold 32 lifeboats, although only 20 were on board; White Star management was concerned that too many boats would sully the aesthetic beauty of the ship.