The other night I went to a Hockey game in Dallas. Seeing as how I didn't want to drive the same day (and that I wanted to drink), I decided to get a Hotel room for the night.
Seeing as how this was downtown Dallas, there were only high-end business hotels around. The only cheap motels around were over ten miles away (which would have required driving and thus negated drinking during the game). Normally, high end hotels would be out of my price range. However, given the "recession," I could afford a discounted high-end room.
My experience Friday night is a microcosm of how (multiplied by 300 million Americans) we get out of recessions in a free-market economy. Merchants and retailers lower their prices, bargain hunters (like me) come out, and eventually demand picks up and you have a recovery. No government action necessary.