How can we be so hard on Obama when he inherited an economy in dire straits? Economists from both sides of the political spectrum agreed that the US economy was in the worst recession since the great depression when George Bush left office. The housing crisis, banking crisis, and many major industries especially the auto industry was on the brink of collapse. Ronald Reagan, who the Republicans boasted about had two terms to bring us out of a recession. He inherited an economy dogged by high interest rates and high unemployment. We now have low interest rates and high unemployment today. The Feds have used every macro-economic tool to the max to help the economy but the results is nothing but disappointing. There is no quick fix to America's economy. It's going to be long and painful. Lowering taxes might not bring about the kind of economic change the Republicans are hoping for.