There will no doubt be plenty of skeptics here on FR. What should not be in doubt however is that the Bush recession ended in June 2009; long before a single stimulus dollar ever reached the economy. The economic malaise we are still experiencing four plus years later is Obama’s version of a recovery. As to the article, I think TARP succeeded, but I can’t just skip over the “Moral Hazard” aspect as the authors so glibly did. What remains unknown is what the long term effects would have been had we let the big boys fail.
Before we can conclude the 'Bush recession' has ended, we should first establish its cause.
Once we've done that, then we can look at the industries host hard hit by the recession to determine the level of recovery they've experienced since Bush left office.
In your opinion, what was the cause of the 'Bush recession' and the industries most affected by it?