According to the Federal Reserve of St. Louis, Federal government expenditures shrunk at an annualized rate of over 7% in Q4!

Almost all the key indicators of economic performance show that there has been important improvement during the three years of President Obama's incumbency.

This contrasts with the crisis that unfolded at the end of the Bush Cheney administration.

Beware of political activists that are trying to rewrite history and make it appear that Obamas has presided over a failed policy. That is not to say, the economic performance could not have been better, but it has been very good in the circumstances.