The federal reserve has suppressed interest rates artificially for years now which means the economy is on life support and relies on cheap credit just to remain afloat. If they ever raised them in a significant way than the whole economy will collapse harder than ever before.
Unemployment can go down while part time work increases or people give up looking for work and are not counted.
There's nothing magic about Obama or any other president. He's not "fixing" or improving the economy from His office. He's just a guy wearing a suit. People need to stop thinking these guys have super powers.
The Fed creates bubbles, bubbles pop. Then they create a bigger one till that pops. Cycle repeats.
