I can't believe some people are actually blaming Obama for this mess. Just look at the December and January job figures you numbnuts. Obama can't be expected to change everything in a month. He hasn't even had a chance to get anything passed and implemented. That will take months if not up to a year. If the economy is still sh**tty in 2011 then its a different story. If unemployement isn't below 8% by 2012 I think Obama has a hard time getting re-elected.
One thing to keep in mind, is unemployment was barely down heading into the 84 election compared to where it was when Reagan took office (couple tenths). Not comparing 2012 to 1984, but interesting to note nonetheless.