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.
Barack and Michelle Obama signed a deal on May 22, 2018 to produce docu-series, documentaries and features for Netflix under the Obamas' newly formed production company, Higher Ground Productions. On the deal, Michelle said "I have always believed in the power of storytelling to inspire us, to make us think differently about the world around us, and to help us open our minds and hearts to others." Higher Ground's first film, American Factory, won the Academy Award for Best Documentary Feature in 2020.
More InfoOn May 16, 2020, Obama delivered two commencement speeches on behalf of the graduating youth who were not able to go to their physical graduation ceremonies due to the COVID 19 pandemic. His first speech was for part of the video streamed online program, “Show Me Your Walk H.B.C.U. Edition” virtual commencement. In his address, he spoke about systemic racism, touching on both the coronavirus pandemic, the shooting death of Ahmaud Arbery, and the fight to stay politically active saying, "The fight for equality and justice begins with awareness, empathy, passion, even righteous anger. Don't just activate yourself online, change requires strategy, action, organizing, marching, and voting in the real world like never before". His next commencement address was a part of a nationally televised event, titled Graduate Together: America Honors the High School Class of 2020 which aired on NBC.
More InfoObama's family history, upbringing, and Ivy League education differ markedly from those of African-American politicians who launched their careers in the 1960s through participation in the civil rights movement. Expressing puzzlement over questions about whether he is "black enough," Obama told an August 2007 meeting of the National Association of Black Journalists that "we're still locked in this notion that if you appeal to white folks then there must be something wrong." Obama acknowledged his youthful image in an October 2007 campaign speech, saying: "I wouldn't be here if, time and again, the torch had not been passed to a new generation."
More InfoObama 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.
More InfoIn 2013, Jeffrey Goldberg reported that, in Obama's view, "with each new settlement announcement, Netanyahu is moving his country down a path toward near-total isolation." In 2014, Obama likened the Zionist movement to the Civil Rights Movement in the United States. He said both movements seek to bring justice and equal rights to historically persecuted peoples. He explained, "To me, being pro-Israel and pro-Jewish is part and parcel with the values that I've been fighting for since I was politically conscious and started getting involved in politics." Obama expressed support for Israel's right to defend itself during the 2014 Israel–Gaza conflict. In 2015, Obama was harshly criticized by Israel for advocating and signing the Iran Nuclear Deal; Israeli Prime Minister Benjamin Netanyahu, who had advocated the U.S. congress to oppose it, said the deal was "dangerous" and "bad."
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