The recession officially ended in June of 2009. And it was liberal policies that caused the housing meltdown that led to a financial crisis with in the financial institutions. Basically it was the "Urban Redevelopment Act" and ACORN who caused the recession.
It was Obama's lack of knowledge how the free market capitalism works and spending almost a trillion dollars paying off the unions and protecting civil service union jobs instead of putting money in to the private sector to put Americans back to work why the economy hadn't fully recovered as fast as it should have. Obama was more concerned with passing Obama Care instead of the recovery of the economy.