Polls showed strong support for Obama in other countries both before and during his presidency. In a February 2009 poll conducted in Western Europe and the U.S. by Harris Interactive for France 24 and the International Herald Tribune, Obama was rated as the most respected world leader, as well as the most powerful. In a similar poll conducted by Harris in May 2009, Obama was rated as the most popular world leader, as well as the one figure most people would pin their hopes on for pulling the world out of the economic downturn.
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.
More InfoObama 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.
More InfoIn March 2010, Obama took a public stance against plans by the government of Israeli Prime Minister Benjamin Netanyahu to continue building Jewish housing projects in predominantly Arab neighborhoods of East Jerusalem. During the same month, an agreement was reached with the administration of Russian President Dmitry Medvedev to replace the 1991 Strategic Arms Reduction Treaty with a new pact reducing the number of long-range nuclear weapons in the arsenals of both countries by about a third. Obama and Medvedev signed the New START treaty in April 2010, and the U.S. Senate ratified it in December 2010.
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 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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