Are we in the beginnings of stagflation?

Where have you been? We've been dealing with stagflation or worse for over a year now, and not only is Obozo making it worse he's STILL blaming Bush! He's had two years to straighten things out and he said he was going to put Americans back to work -- so why is our real unemployment rate over 10% nationwide? Better yet, why is it that the lame-stream liberal media is not calling it what it is -- A DEPRESSION!!?!??!???