Obama won Best Spoken Word Album Grammy Awards for abridged audiobook versions of Dreams from My Father in February 2006 and for The Audacity of Hope in February 2008. His concession speech after the New Hampshire primary was set to music by independent artists as the music video "Yes We Can," which was viewed 10 million times on YouTube in its first month and received a Daytime Emmy Award. In December 2008 and in 2012, Time magazine named Obama as its Person of the Year. The 2008 awarding was for his historic candidacy and election, which Time described as "the steady march of seemingly impossible accomplishments." On May 25, 2011, Obama became the first President of the United States to address both houses of the UK Parliament in Westminster Hall, London. This was only the fifth occurrence since the start of the 20th century of a head of state's being extended this invitation, following Charles de Gaulle in 1960, Nelson Mandela in 1996, Queen Elizabeth II in 2002 and Pope Benedict XVI in 2010.
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 InfoStarting 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 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.
More InfoAs it did throughout 2008, the unemployment rate rose in 2009, reaching a peak in October at 10.0% and averaging 10.0% in the fourth quarter. Following a decrease to 9.7% in the first quarter of 2010, the unemployment rate fell to 9.6% in the second quarter, where it remained for the rest of the year. Between February and December 2010, employment rose by 0.8%, which was less than the average of 1.9% experienced during comparable periods in the past four employment recoveries. By November 2012, the unemployment rate fell to 7.7%, decreasing to 6.7% in the last month of 2013. During 2014, the unemployment rate continued to decline, falling to 6.3% in the first quarter. GDP growth returned in the third quarter of 2009, expanding at a rate of 1.6%, followed by a 5.0% increase in the fourth quarter. Growth continued in 2010, posting an increase of 3.7% in the first quarter, with lesser gains throughout the rest of the year. In July 2010, the Federal Reserve noted that economic activity continued to increase, but its pace had slowed, and chairman Ben Bernanke said the economic outlook was "unusually uncertain." Overall, the economy expanded at a rate of 2.9% in 2010.
More InfoAs it did throughout 2008, the unemployment rate rose in 2009, reaching a peak in October at 10.0% and averaging 10.0% in the fourth quarter. Following a decrease to 9.7% in the first quarter of 2010, the unemployment rate fell to 9.6% in the second quarter, where it remained for the rest of the year. Between February and December 2010, employment rose by 0.8%, which was less than the average of 1.9% experienced during comparable periods in the past four employment recoveries. By November 2012, the unemployment rate fell to 7.7%, decreasing to 6.7% in the last month of 2013. During 2014, the unemployment rate continued to decline, falling to 6.3% in the first quarter. GDP growth returned in the third quarter of 2009, expanding at a rate of 1.6%, followed by a 5.0% increase in the fourth quarter. Growth continued in 2010, posting an increase of 3.7% in the first quarter, with lesser gains throughout the rest of the year. In July 2010, the Federal Reserve noted that economic activity continued to increase, but its pace had slowed, and chairman Ben Bernanke said the economic outlook was "unusually uncertain." Overall, the economy expanded at a rate of 2.9% in 2010.
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