USA Today reports on the state of our economic recovery as compared to other recessions in our nation's history. As the chart below displays (by showing recovery rates 22 months after each recession formally ended), this "recovery" is the worst in history.
Several factors, no doubt, contribute to our present misfortune. But one cannot ignore Obama's egregious and unparalleled stimulus spending. Government spending is pretty much inversely proportional to job growth. This is partly because a great deal of stimulus cash was funneled to Democratic constituencies or immediately circulated into government coffers to pay off state debts, rather than being applied to private contracts which might have "stimulated" the economy. However, the overarching explanation is that Keynesian economics is bunk and uncontrolled government spending ruins economies.
While true believers will argue ad infinitum that external factor explains Obamanomic's failure to launch, the experiment cannot be said to have failed for lack of trying. Obama has spent with reckless abandon and promised to keep the tap flowing. It's hard to imagine anyone seriously arguing that we should (or could) have spent more money than we have. And the result it evident.
Albert Einstein's famous quote seems to apply. "Insanity: doing the same thing over and over again and expecting different results." An Obama victory in 2012 would reveal either that American's have no knowledge of the facts or that they meet the criteria of Einstein's definition.