That's what elements of the American media and business bourgeoisie are saying. Really?
Juan Williams for instance, says that Obama's policies has either been "neutral" on the economy, or "positive" on the economy. It cannot be said that it is anything else other than one or two of these descriptions. Economist Ben Stein seems to be leaning in this direction as well, on opinion.
...while investor Wayne Rogers says that Obama has had no impact whatsoever, i.e. basically "irrelevant", on the economy. He pointed to the Congress and the Senate as the real players in the economy.
As one might have guessed, these personalities were all fox news guests last night.