Bernanke's speech today indicates the economy is still on shaky ground regardless of what liberal spin meisters would have the public believe. Coming back slowly but wouldn't take much bad news to be back in the pits again.
Me thinks you are right. The severe pounding that the jobs market took over the last few years, will take a little longer to correct. The payroll tax and the increase in interest rates for student loans are a couple of things that are creating a drag on the economy. Less money in the pay check means less spending. The kids coming out of college saddled with debt at higher IR will prevent them from spending.