Well Obama hasn't really done much with the primary cause of job problems which is globalization. That globalization thing really got into gear with Reagan and is usually a cause championed by the one percent.
The stock market is up because profits are up. Labor cost is the only cost to any business and labor costs are still declining. If you don't think so then say which companies are not making profit to justify their stock costs.
Inflation is non existent in the monetary sense. That is the extra cash driving extra purchases, you should be able to grasp this as your very own post hints at lower income.
Scarcity inflation is a different story. That is what we have now in regards to energy, food, real estate ..
This also should not be toooo hard for you to grasp. Unless of course you don't want to grasp this in order to keep up your political propaganda.
"Inflation is non existent in the monetary sense."
Correctly stated "because of the uncertainty created by Obama policy monetary inflation has not yet overtly manifested itself"
The money is being printed and thus monetary inflation is real and undeniable, but companies are hoarding the money due to the lack of a fundamental recovery based on any traditional metric, thus the cash is not in circulation.