Two reasons why the doom & gloom is still happening:

1. It’s still plausible to blame it on Bush

2. They are maintainig the scapegoating of freedom/capitalism that Obama needs in order to give us more of what did fail — the regulatory state.

Not until enough time passes for people to realize that the ongoing pain is coming from Dear Leader’s New New deal will this change… Then we’ll see stories about why inflation is good.