you realize that the debt that obama "created" actually came into effect once he took office the first time? the reason why is because bush made all these promises and stuff that came into affect when obama came into office!
When the Republicans stole the election of 2000 that put the US in a position to have a depression. And as expected resulted in the worldwide depression. We are still seeing recovery but the damage was significant and we may never fully recover from what the Bush Administration did to the world in our lifetimes. Maybe the next generation might see some prosperity but maybe not. Especially if they let Jeb in in 2016.
Of course not, the steps Obama and congress took last few years averted a major depression for us. Now housing is up, the stock market is up, consumer confidence is usually up (depending on how nasty the arguments in DC get) Unemployment is slowly getting better.