First understand that this economic melt down has not occurred in the last 10 years but has been building for over 60 years.
As to the Obama administration specifically they have done almost everything wrong and virtually nothing right, same for Bush and the others before him.
Obama’s grand give away, the so called “Stimulus” threw money into the wind with no real control and those in a position to do so stole it, mostly Wall Street.
The money that went to states was used almost entirely to prop up public sector jobs that contribute nothing to the economy and in fact are a double negative.
Almost no private sector, contributing, jobs were created and many of those that were came at ridiculous cost, a $50k per year job costing as much as $700k.
QE2 printed billions of dollars that was then bought up by the Federal Reserve with our own money. QE3 will kick in, in August and do the same. This doesn’t create wealth, only inflation and a devaluated dollar.
Obama has not gotten us out of the unwinnable wars and now has joined another, Libya. He claims we don’t have any troops on the ground, well sort of. We are spending $120 million per day just to be there and we have fired hundreds of missiles at a cost of $1.5 Million each!