Pretty much every economist I read predicted we'd get to ten percent, regardless of what was done, or at least what could be done without watering down the money supply so much that we'd be paying $30 for a gallon of milk in a few years. Laying that on Obama is pretty unfair, but I think most of the people doing so would blame a bad lawn on him.

Economic cycles have to be given time to unwind themselves. The most the president (and congress) can do is not mung it up further, make the bottom softer, and give pep talks so people don't panic.