On the economic front, Obama has worked hard to steer the country through difficult financial times. President Obama has improved the economy in many ways. Obama has sustained a great recovery. During Bush’s millions of jobs were lost. Obama created 3.5 million jobs so that many people that were out of work are now employed. He signed the Budget Control Act of 2011 in effort to rein in government spending and prevent the government from defaulting on its financial obligations. He has also prevented the collapse of the American automotive industry by making GM restructure before bailing them out, and putting incentive money to help the industry. As a result, many jobs were saved and some were created as GM became the Number 1 auto manufacturer in the world again. Barack Obama has saved the U.S auto industry which resulted in saving thousands of American jobs. Obama’s support for small businesses has allowed them to grow. He has also cut small business taxes 18 times. New businesses and enterprises and the Standard & Poor’s 500 have increased by 90% since March 2009 because of Obama’s support. The Standard &Poor’s 500 is a stock market index based on the common stock prices of 500 top publicly traded American companies. Obama is trying his very best to help the middle and lower class. Obama also believes that no family making more than one million dollars each year should pay a smaller share of their income taxes than a middle class family pays. Obama has reduced the deficit by more than four trillion dollars over the term.