Arithmetically speaking, yes - HOWEVER, it's only a half of the truth.
Obama was first inaugurated on January 20th, 2009. That was only five months before the U.S. economic recession officially ended. Obama therefore inherited the economy that was already on the mend. He cannot be blamed for the recession, but on the other hand, he shouldn't be credited with the recovery. If he says that U.S. federal deficits have fallen during his two terms, he is technically correct, but the improvement hasn't been due to his merit.
The federal budget deficit could have improved much more, if Obama didn't commit this very unfortunate mistake, and some other errors.
A white male with some professional experience in finance and investing.