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 second term. In 2010, Obama signed into effect the Dodd–Frank Wall Street Reform and Consumer Protection Act. Passed as a response to the 2008 financial crisis, 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.