I paid $2.50 for a cup of coffee at IHOP last Sunday.
When I was a teenager, in New York City, a cup of coffee was 5¢.
I didn't say a cup of coffee would be $500 or $5000 dollars.
Tell me true. Are you paying more for groceries since the printing presses fired up at QE1? Most people claim that has happened. I never go shopping so I don't know. I know the USG claims that there is NO inflation. Do you agree with that claim?
(We're discussing economic policy, not politics)
There are two ways somebody can react to this economic news. One can say that the president has no impact on the economy. That's fine if you want to go that way, but then you are rejecting pretty much the entire message of the GOP and Romney. You are leaving them with no real reason to vote for Romney at all.
Alternately, you can say that the president actually does have some impact on the economy. Not necessarily the dominant impact, but some. If you say that, then the fact that under Obama the stock market has surged, surged so much that it has actually repaired the damage done during the last Republican administration in just three years, is certainly a huge plus for Obama.