to some degree it has to, but the cyclical nature of it says it's likely to get decent to solid before the next election. That bodes poorly for several reasons.
First, some idiots are going to proclaim his policies as overwhelmingly successful, though none will have had time to truly impact anything, and claim Obama responsible for the recovery.
Second, the next round of socialist moves with likely trump this round.
Third, SC will probably get another disaster because unlikely we turn around the Senate in the next three elections.