You should have elected a luckier President. See Obama Creates His Own Luck (emphasis added):
Today in Iowa, Barack Obama proved once and for all that he does not understand how the economy works:
At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program “reversed the recession” until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a “debacle.”
“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah, Iowa. “But over the last six months we’ve had a run of bad luck.” Obama listed three events overseas — the Arab Spring uprisings, the tsunami in Japan, and the European debt crises — which set the economy back.
If the issue wasn’t so serious you could just laugh off this childish leader who blames everyone but himself. Corporate CEOs would have been fired by now for the lack of results and the lack of personal responsibility.