The downturn started in 2008. Remember, John McCain suspended his presidential campaign so he could attend sessions of congress to try and work out some type of bailout.
The economy is better. The Dow is near is near the point where it was before the bottom fell out. The S&P hit a five year high. Interest rates are still low. Some of the banks that were loaned money have repaid. General motors is still making cars, creating jobs for Americans. A health care act was enacted. Remember Bill Clinton could not pass health reform. Is everything perfect, absolutely not. Could it be a lot worse, yes it could.
We are still drilling for oil and this is still a good place to live.