Many commentators credit Obama with averting a threatened depression and pulling the economy back from the Great Recession. According to the U.S. Bureau of Labor Statistics, the Obama administration created 11.3 million jobs from the month after his first inauguration to the end of his term. In 2010, Obama signed into effect the Dodd–Frank Wall Street Reform and Consumer Protection Act. Passed as a response to the financial crisis of 2007–08, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression under Democratic President Franklin D. Roosevelt.
Starting with information received from Central Intelligence Agency operatives in July 2010, the CIA developed intelligence over the next several months that determined what they believed to be the hideout of Osama bin Laden. He was living in seclusion in a large compound in Abbottabad, Pakistan, a suburban area 35 miles (56 km) from Islamabad. CIA head Leon Panetta reported this intelligence to President Obama in March 2011. Meeting with his national security advisers over the course of the next six weeks, Obama rejected a plan to bomb the compound, and authorized a "surgical raid" to be conducted by United States Navy SEALs. The operation took place on May 1, 2011, and resulted in the shooting death of bin Laden and the seizure of papers, computer drives and disks from the compound. DNA testing was one of five methods used to positively identify bin Laden's corpse, which was buried at sea several hours later. Within minutes of the President's announcement from Washington, DC, late in the evening on May 1, there were spontaneous celebrations around the country as crowds gathered outside the White House, and at New York City's Ground Zero and Times Square. Reaction to the announcement was positive across party lines, including from former presidents Bill Clinton and George W. Bush.
More InfoOn October 9, 2009, the Norwegian Nobel Committee announced that Obama had won the 2009 Nobel Peace Prize "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." Obama accepted this award in Oslo, Norway on December 10, 2009, with "deep gratitude and great humility." The award drew a mixture of praise and criticism from world leaders and media figures. Obama's peace prize was called a "stunning surprise" by The New York Times. He became the fourth U.S. president to be awarded the Nobel Peace Prize and the third to become a Nobel laureate while in office. Obama's Nobel Prize has been viewed skeptically in subsequent years, especially after the director of the Nobel Institute, Geir Lundestad, said Obama's Peace Prize did not have the desired effect.
More InfoWhile in Berlin on May 25, Obama made a joint public appearance with Chancellor Angela Merkel where he stressed inclusion and for leaders to question themselves, Obama having been formally invited to Berlin while still in office as part of an effort to boost Merkel's re-election campaign. Obama traveled to Kensington Palace in England and met with Prince Harry on May 27, 2017; Obama tweeted afterward that the two discussed their foundations and offering condolences in the wake of the Manchester Arena bombing that occurred five days prior.
More InfoOn December 23, 2016, under the Obama Administration, the United States abstained from United Nations Security Council Resolution 2334, which condemned Israeli settlement building in the occupied Palestinian territories as a violation of international law, effectively allowing it to pass. Netanyahu strongly criticized the Obama Administration's actions, and the Israeli government withdrew its annual dues from the organization, which totaled $6 million, on January 6, 2017. On January 5, 2017, the United States House of Representatives voted 342–80 to condemn the UN Resolution.
More InfoIn February 2011, protests in Libya began against long-time dictator Muammar Gaddafi as part of the Arab Spring. They soon turned violent. In March, as forces loyal to Gaddafi advanced on rebels across Libya, calls for a no-fly zone came from around the world, including Europe, the Arab League, and a resolution passed unanimously by the U.S. Senate. In response to the unanimous passage of United Nations Security Council Resolution 1973 on March 17, Gaddafi—who had previously vowed to "show no mercy" to the rebels of Benghazi—announced an immediate cessation of military activities, yet reports came in that his forces continued shelling Misrata. The next day, on Obama's orders, the U.S. military took part in air strikes to destroy the Libyan government's air defense capabilities to protect civilians and enforce a no-fly-zone, including the use of Tomahawk missiles, B-2 Spirits, and fighter jets. Six days later, on March 25, by unanimous vote of all its 28 members, NATO took over leadership of the effort, dubbed Operation Unified Protector. Some Representatives questioned whether Obama had the constitutional authority to order military action in addition to questioning its cost, structure and aftermath.
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