Check out bankruptcy stats. We're slowly creeping beyond highs only seen in the mid-90's.
With some cities, like San Diego, close to bankruptcy (we're talking the CITY might declare bankruptcy) it's pretty evident, we're still in an economic depression.
Some areas, like San Diego, Sacramenta, and even San Francisco to a lesser extent, continue to hit new highs for regular folks like you and me filings for bankruptcy.
However, that number is slowing. so we're hitting all time highs, but the rate at which the quarterly number (filings are calculated every quarter) seems to be slowing.
But it's still a full year perhaps from declining, and more afte rthat before recovery.
We're in it for th elong haul, and at this point I bet a ton of people are more interested in turning this ship around then screaming at politicians for 'not doing' enough.
Let's innovate and be better, and while we're at it keep the right people accountable.
Here are some more stats depending on where you're from (thanks to San Diego bankruptcy attorney Cecilia Chen for the stats compiled from Rand):
San Francisco Bankruptcy
LA Bankruptcy Stats