Yes of course they are. For Seven months they've told us that they inherited a mess (they did) and that it isn't their fault (it wasn't). Then they proceeded to enact or try to enact a series of debt increasing social objectives that didn't have much to do with economic recovery. The amount of "stimulus" spending that has actually occurred is minuscule, a tribute to the bureaucratic nightmare the legislation actually was.
And so, for four months now, the economy has begun to poke its head above the foxhole (I use the DJIA as my bellwether on this one). Clearly, little that the Obama Administration has done has ACTUALLY contributed to this, as nothing has been in place long enough. There have likely been psychological contributions from the energetic and forward leaning actions of the Administration, and these play in markets too.
So a couple of things come to mind:
1. The improvement in the economy is largely a function of the TARP bailout stabilizing the banking system. This happened in the Bush Administration and the benefits are showing themselves now.
2. The Obama folks will take credit for the economy rising--and that is a fact of life. It's how politics is done.
3. Republicans will get NOWHERE by saying "well, this isn't due to his policies, it really is due to the Republican Administration's actions last Fall". Just won't be persuasive.
4. Where Republicans will make up ground is in common-sense, plain spoken arguments that start with recognition that the economy is getting better (the longer they wait the more out of touch they'll seem), and that the threat to long term growth in the country is all the debt that we've acquired. Fiscal discipline is critical for sustaining the recovery.
Let's see where that gets us....