Nice reply! Very well organized and cited - thank you. I would say that it would be unfair to fully blame Democrats for the economic mess since 2007, since the general consensus is that the "Great Recession" was largely caused/allowed to happen by deregulation policies championed by Republicans. However, you do make a good point that it happened under the Democrat's watch, so to speak.
Unemployment has been unacceptably high since Obama took office, and it is something that he will need to explain to voters in order to secure a reelection. However, I was listening on NPR last week (I will try to find a link) about some economists who constructed a complex computer model for economic recovery, and the results of several studies showed, that even if the effects of the European debt criss were removed, and the price of oil cut in half, unemployment would remain over 5% for the next 15 years (I think)
My point in all of this, is that the hole we are in may simply be so steep that no variant of our current economic system and budget may be sufficient to pull us out.
Personally, I feel that we need to look at massively cutting the military budget and reinvesting that money into programs that are proven to create more jobs/$. However, this is likely to be a non-starter for both parties.
Also, I believe, but need to do some research, that the two most recent periods of Republican-controlled government (Ragan-Bush, and Bush jr) supported economic growth by compliling a large deficit, in both cases through military spending, and the subsequent Democratic administrations had to deal with it. If I am wrong on this, please someone set me straight, but I feel that there is evidence to support this