There's a few problems with this.
The economy started with Bush. We won't know the exact outcome of Obama for a while. Just like the economy after y2k was not Bush's fault, it was handed to him.
yes and no. first off the dems have run congress since '06 and have had control of the budget. second, the main cause of the recession was the housing market... and who insisted on making home ownership a "right" and pumped up the market w/ fanny/freddie and by leaning on the banks to make bad loans?
You can't really blame economy things on a president in his first two years. Anything he tries to do won't take effect of a couple years. Even Obamas health care stuff, we won't know it real impact for a few years. On paper it actually helps my company (though I still don't want it).
I only read half of the first paragraph, but i will say this. I wanted to see the US wages drop. We turned in to a nation that produced nothing real partially due to extreme wages pushed by unions. All manufacturing left the US. If wages drop, we can see these jobs come back here. I would rather see my tools made in the US than in China. Euros, careful how many manufacturing jobs you export. Manufacturing built America, look what happens when it leaves.
Sure, a lot of his policies don't have immediate effects, but others do. Market confidence hinge on tax policies, which have been very uncertain. Our momentary policies and debt also have a huge effect on confidence. That's why the corporations are sitting on trillions of dollars instead of investing (which would create jobs).
The effects of obamacare has also screwed up confidence since nobody knows every single thing that will be burdening their business. And, just from what we do know, my wife's place of employment is now going to outsource their labor to Mexico and possibly other depts to China.
I also talked my friend, the manager of a local printing company, that I do contract programming for. They've been paying around $20k/month to provide their workers w/ health insurance. To meet the req's of obamacare they'll have to pay around $30k/month. They're planning to just drop all of their insurance and just take the penalty. That will be, from what they can tell, around $25k/month. Awesome stuff. Now they pay even more and they're not even getting insurance out of it.