He took the necessary steps to bring the economy out of recession

The United States was in the list of major accomplishments of President Barack Obama was when Barack Obama took office, the United States was in the midst of its greatest financial crisis since the Great Depression of the 1930s. The subprime mortgage The crisis reverberated across the economy, leaving many individuals jobless and homeless. The Obama administration chose a different approach. The government has made a number of initiatives to combat the downturn, including enacting the American Recovery and Reinvestment Act of 2009 (ARRA), a $800 billion stimulus spending and tax-cutting law

With the 2010 Tax Relief Act, a $850 billion measure that included payroll, income, and Alternative Minimum Tax (AMT) tax cuts as well as unemployment benefit extensions. Apart from these actions, Obama successfully rescued the struggling automotive industry by renewing GM and Chrysler loans, and he permitted the Federal Reserve to take dramatic measures to revive the economy. All of these measures contributed to the US's effective recovery from the recession.