I generally try not to avoid political discussions with my friends and family.  This policy (suspended only for elections) has helped prevent unnecessary arguments.  So I’m only going to say this once.  There is no such thing as an “Obama Recession”.  Our current economic troubles have nothing to do with the recently concluded election and everything to do with the bursting of a monstrous credit bubble, an equally massive (and related) housing bubble and long term wage stagnation.  If you use the phrase “Obama Recession” in my presence at any time during the next year, I will probably beat you about the head with the first economics textbook I can lay my hands on.