Did Obama do a bank bailout?
The 2008 recession technically reached its end in mid-2009, shortly after Barack Obama took office, when economic growth returned to positive territory. The Obama administration played a major role in this recovery through the American Recovery and Reinvestment Act of 2009, an $800 billion stimulus package, and ongoing stabilization efforts for the financial and automotive sectors. While the technical recession ended early in his term, the administration faced a multi-year period of high unemployment and slow growth as the country recovered from the deep scars of the financial crisis.