While a lot of folks on FR love to blame Obama for the economy, it's so much bigger than him, Bernake, or any other government to handle, because the contraction is global.
All these rounds of QE are not helping. They are prolonging the pain.
The next President (please, God, let it be Romney!) will NOT be able to use all the traditional methods to stimulate America out of this contraction (Bernake has used them already). The only thing the next President can do is position the US to survive the second half of the contraction, which will be worse than the first.
What I'm looking for is someone to stand in the bully pulpit and say all of that. Explain to people that government charity doesn't work, that social security is a scam, that inflation has been a silent tax and has been used as a government policy, that the entire world has been going down a bad path. I want to hear someone say it, and then lay out some sort of plan that will put us on a different road.