It is ironic that Barack Obama won office in large part due to an economic bubble that burst. The housing market bonanza couldn’t go on forever. And when it didn’t, the entire financial sector melted down. In other words, because there was insufficient wealth (or actual value if you prefer) in the assets being traded back and forth, the system couldn’t go on forever. Sooner or later people get nervous and want their money out. (Michael Lewis’s Boomerang is still the best description of this for those who are not economic experts.)
Now Obama is presiding over a collectivist bubble. Again, we are not creating wealth; instead Obama is taking and/or borrowing from one pocket to put in another. It should be no surprise that this does not increase wealth or employment, especially when you add in a mound of regulations and tremendous uncertainty.