But back to the OP... we ARE in the Obama Depression, despite the funny math the government is using to under-report unemployment and overstate economic activity.
How interesting. First, the problems in Greece, Portugal, Italy and Iceland, to name a few, are part of the "Obama Depression". I had not idea our President's economic policies, gradually enacted since 2008, could have such far-reaching implications.
Second, the chief culprits in the United States were the ludicrous overspending on two wars in the 2001-2008 period....essentially driving the U.S. economy PARTIALLY in the direction (but unlike southbeach, I won't overstate) taken by the Soviet economy in the 1980s....the military tail wagging the Soviet Union dog. The other chief culprit was the disgraceful policies of the banks in fueling the housing bubble that eventually collapsed.
Third, we are not in a depression. We certainly were in a recession or a mini depression. The stock market dove from 14,043 to 6594.44 in March 2009. The dive occurred the last year of the Bush Administration and the first half year of Obama's...so to claim President Obama's policies were responsible is so ludicrous it borders on insane. The tea party fanatics keep mouthing such insane mischaracterizations.... The stock market is now around 12000.....that's quite a recovery.
I'm not saying that the stock market is a sole indicator of the economy by any means. I'm saying that what I see here on this thread is a lot of comments about how bad things are....and a lot of it sounds like the Dursley kid in the first Harry Potter movie whining that he ONLY got 36 birthday presents. Please.....