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.
According to the Gallup Organization, Obama began his presidency with a 68% approval rating before gradually declining for the rest of the year, and eventually bottoming out at 41% in August 2010, a trend similar to Ronald Reagan's and Bill Clinton's first years in office. He experienced a small poll bounce shortly after the death of Osama bin Laden on May 2, 2011. This bounce lasted until around June 2011, when his approval numbers dropped back to where they were previously. His approval ratings rebounded around the same time as his reelection in 2012, with polls showing an average job approval of 52% shortly after his second inauguration. Despite approval ratings dropping to 39% in late-2013 due to the ACA roll-out, they climbed to 50% in January 2015 according to Gallup.
More InfoObama's most significant legacy is generally considered to be the Patient Protection and Affordable Care Act (PPACA), provisions of which went into effect from 2010 to 2020. Many attempts by Senate Republicans to repeal the PPACA, including a "skinny repeal," have thus far failed. Together with the Health Care and Education Reconciliation Act amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
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 February 27, 2009, Obama announced that combat operations in Iraq would end within 18 months. His remarks were made to a group of Marines preparing for deployment to Afghanistan. Obama said, "Let me say this as plainly as I can: by August 31, 2010, our combat mission in Iraq will end." The Obama administration scheduled the withdrawal of combat troops to be completed by August 2010, decreasing troop's levels from 142,000 while leaving a transitional force of about 50,000 in Iraq until the end of 2011. On August 19, 2010, the last U.S. combat brigade exited Iraq. Remaining troops transitioned from combat operations to counter-terrorism and the training, equipping, and advising of Iraqi security forces. On August 31, 2010, Obama announced that the United States combat mission in Iraq was over. On October 21, 2011 President Obama announced that all U.S. troops would leave Iraq in time to be "home for the holidays."
More InfoOn March 2, 2017, the John F. Kennedy Presidential Library and Museum awarded the annual Profile in Courage Award to Obama "for his enduring commitment to democratic ideals and elevating the standard of political courage." In his first public appearance out of office, Obama appeared at a seminar at the University of Chicago on April 24. The seminar was aimed at the engagement with a new generation as well as an appeal for their participation in politics. On May 4, three days ahead of the French presidential election, Obama publicly endorsed centrist Emmanuel Macron over right-wing populist Marine Le Pen: "He appeals to people's hopes and not their fears, and I enjoyed speaking to Emmanuel recently to hear about his independent movement and his vision for the future of France." Macron went on to win the election.
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