honestly, no. The economy always goes through cycles. Part of that is the monetary system we have set up with "fake" money. Have you ever thought about what our money is based on? Not gold, not silver, nothing but paper and bank transactions. Inflation occurs, and will continue to occur, when the government runs high deficits...prints more money, and creates false bubbles by getting involved.
The idea that the president should "manage" our economy is sort of ridiculous. That really isn't the president's job. The Congress is the key, really, because of their role in taxes. In addition, if we create more "jobs" by putting more people on the government payroll (this is how we deal with excess unemployeed) - it can actually hurt us because our taxes pay their wages, pensions, benefits - there is more deficit and less programs that get the funding they are promised.
I just think it's vital for people to realize that the economy's fundamental problem is excess deficit, high spending, a war costing billions, and printed money. Also, many people don't realize that the government isn't independently wealthy...that's our money they spend. So I think we have a vital interest in how it's being used.
Gas prices have inflated mostly due to INFLATION - the US dollar took a really hard hit. We are below and are almost tied with canada. For a time, the only money that we were better than was Zimbabwe (100,000% inflation) and the peso. American's standing must be reestablished. If China revalued their currency, we would be in major trouble