It was on a downward slide for some time before the election, which is a big part of why Obama won. If your party is in power during a recession or a depression, don't expect to win come election time, even if you were not the president.Didn't it suck before he came to power?
I can't remember when your last elections were but I'm sure the world was in a bad economic way when he was inaugurated.
Rather than thanking Obama for the economic state, we should all thank the housing industry and the banking industry. The implosion of those industries is what precipitated our current economic state.
Daniel