As history has shown what goes up must come down, and thats exceedingly true of the stock market.

Did Obama and the Fed end the recession and bring about expansion?

I think most countries held off the worst of the recession and created an expansion based economy through the use of government borrowing. Creating in the process massive amounts of new government debt. There are less jobs today, higher unemployment and wages have stagnated since 2009. That doesn't sound like an expanding economy to me, its sounds like stagnation. The only expansion is the result of government borrowing and spending to keep economies afloat since 2009.

Maybe governments can continue to indenture their citizens for years to come, but at some point the fake expansion will end. Our current Federal Liberal government certainly intends to continue debt spending to keep Canada's economy afloat.