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I think it's unrealistic to expect the economy to still be in a recession come 2012. That's 3 years from now. We have a pretty resilient economy. It took a terror attack on American Soil, two wars, expanding government, numerous and massive hurricanes, and record high gas prices and the Economy still kept chugging. It wasn't until the very fabric of our financial system began to unravel the markets near collapse for our economy to tumble into recession.

I think our economy could recover reasonably well enough that Obama could sell it as proof positive that his “stimulus” plan worked. Even anemic growth, say bringing unemployment under 7% by the summer of 2012 could give him enough steam going into November. Don't forget he will have the media pulling out all the stops for him as well. He only has to sell the illusion of recovery, which only requires anemic positive numbers to pull off.