Obama's management of the economy, including the Stimulus package, saved the US from going into a depression, where it was headed after the Republican leadership of 2000-2008.
|Markets rally on declaration of recession’s end
US stock markets jumped to four-month highs Monday, propelled by news that the world's biggest economy exited recession in June 2009.
The markets began their upward drive in late morning trade after the National Bureau of Economic Research said the US economy had ended the most sustained downturn since World War II.
The Dow Jones Industrial Average climbed 145.77 points (1.37 percent) to finish at 10,753.62, while the tech-rich Nasdaq composite index gained 40.22 points (1.74 percent) to 2,355.83.
The broader S&P 500 index rose 17.12 points (1.52 percent) to reach 1,142.71 points.
The drive came on the back of a strong multi-session rally spurred by a brighter economic outlook.