Obama spoke in front of the African Union in Addis Ababa, Ethiopia, on July 29, 2015, the first sitting U.S. president to do so. He gave a speech encouraging the world to increase economic ties via investments and trade with the continent, and lauded the progress made in education, infrastructure, and economy. He also criticized the lack of democracy and leaders who refuse to step aside, discrimination against minorities (LGBT people, religious groups and ethnicities), and corruption. He suggested an intensified democratization and free trade, to significantly improve the quality of life for Africans. During his July 2015 trip, Obama also was the first U.S. president ever to visit Kenya, which is the homeland of his father.
The Congressional Budget Office (CBO) and a broad range of economists credit Obama's stimulus plan for economic growth. The CBO released a report stating that the stimulus bill increased employment by 1–2.1 million, while conceding that "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package." Although an April 2010, survey of members of the National Association for Business Economics showed an increase in job creation (over a similar January survey) for the first time in two years, 73% of 68 respondents believed the stimulus bill has had no impact on employment. The economy of the United States has grown faster than the other original NATO members by a wider margin under President Obama than it has anytime since the end of World War II. The Organisation for Economic Co-operation and Development credits the much faster growth in the United States to the stimulus plan of the US and the austerity measures in the European Union.
More InfoThe Congressional Budget Office (CBO) and a broad range of economists credit Obama's stimulus plan for economic growth. The CBO released a report stating that the stimulus bill increased employment by 1–2.1 million, while conceding that "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package." Although an April 2010, survey of members of the National Association for Business Economics showed an increase in job creation (over a similar January survey) for the first time in two years, 73% of 68 respondents believed the stimulus bill has had no impact on employment. The economy of the United States has grown faster than the other original NATO members by a wider margin under President Obama than it has anytime since the end of World War II. The Organisation for Economic Co-operation and Development credits the much faster growth in the United States to the stimulus plan of the US and the austerity measures in the European Union.
More InfoIn March 2015, Obama declared that he had authorized U.S. forces to provide logistical and intelligence support to the Saudis in their military intervention in Yemen, establishing a "Joint Planning Cell" with Saudi Arabia. In 2016, the Obama administration proposed a series of arms deals with Saudi Arabia worth $115 billion. Obama halted the sale of guided munition technology to Saudi Arabia after Saudi warplanes targeted a funeral in Yemen's capital Sanaa, killing more than 140 people.
More InfoOn October 1, 2009, the Obama administration went ahead with a Bush administration program increasing nuclear weapons production. The “Complex Modernization” initiative expanded two existing nuclear sites to produce new bomb parts. The administration built new plutonium pits at the Los Alamos lab in New Mexico and expanded enriched uranium processing at the Y-12 facility in Oak Ridge, Tennessee. In November 2013, the Obama administration opened negotiations with Iran to prevent it from acquiring nuclear weapons, which included an interim agreement. Negotiations took two years with numerous delays, with a deal being announced July 14, 2015. The deal, titled the "Joint Comprehensive Plan of Action," saw the removal of sanctions in exchange for measures that would prevent Iran from producing nuclear weapons. While Obama hailed the agreement as being a step towards a more hopeful world, the deal drew strong criticism from Republican and conservative quarters, and from Israeli prime minister Benjamin Netanyahu. In addition, the transfer of $1.7 billion in cash to Iran shortly after the deal was announced was criticized by the republican party. The Obama administration said that the payment in cash was because of the "effectiveness of U.S. and international sanctions." In order to advance the deal, the Obama administration shielded Hezbollah from the Drug Enforcement Administration's Project Cassandra investigation regarding drug smuggling and from the Central Intelligence Agency.On a sidenote, the very same year, in December 2015, Obama started a $348 billion worth program to back the biggest U.S. buildup of nuclear arms since Ronald Reagan left the White House.
More InfoWithin a month of the 2010 midterm elections, Obama announced a compromise deal with the Congressional Republican leadership that included a temporary, two-year extension of the 2001 and 2003 income tax rates, a one-year payroll tax reduction, continuation of unemployment benefits, and a new rate and exemption amount for estate taxes. The compromise overcame opposition from some in both parties, and the resulting $858 billion Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 passed with bipartisan majorities in both houses of Congress before Obama signed it on December 17, 2010.
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