Yeah. That seems to be the talking point from the Right but it's an absolutely ridiculous statement. It's like saying "the hurricane ended at 6:02 pm". Then what? Common sense tells us that "the end" is really just the beginning because that's when the real work commences.
Economists' joke: A recession is when your neighbor loses his job; a depression is when you lose your job.
The point of the joke is that neither "recession" nor "depression" is well defined and so the line between them is indistinct to the point of vanishing. Maybe the economists can tell us the exact date/time of when the recession began?
The media regard the recessions as ending when GDP stops falling; the economists when it starts rising. Both definitions are misleading, as the statistics show. Very blurry lines.
If unemployment is still growing, foreclosures are increasing, defaults and bankruptcies are increasing, and, in short, the economy is performing in a completely unsatisfactory manner---the recession is NOT over and as far as I'm concerned the recovery period IS PART and PARCEL of the recession.
Even when the economy begins to grow there can be rebounds and there are long lasting consequences. Any president who guides this country into an uptick and eventually brings this country back via almost full employment, increased consumer spending and confidence, home sales (not foreclosures), decreasing bankruptcies and a rising stock market and manufacturing deserves a pat on the back--not a kick in the pants.
If you want to see what a president is made of, plunk him into an economy that's tanking at a nightmarish rate, with unemployment at almost 8 percent heading up to 10 percent. Contrast that with the economy President-elect Donald Trump inherited.