The economy is just now adjusting to what the real value of things are (homes,autos, things purchased on credit). The banks are still skitterish about lending under the new fed. regulations. Remember "The burnt child shuns the fire" (DEBT). Both lenders and borrowers are still gun shy. Because of the international debt crisis we do not control our own destiny. In spite of a nation that has been burned by debt, the Obama administration is a slow learner, but the economy will recover slowly not because of, but in spite of the current administration. (It) will be led by "small" as in business, houses, and automobiles as well as less debt. People are slowly coming around to living within their means as painful as it is to those who who are used to buying status symbols on credit.