When Obama promised "hope and change" as a candidate, I think he had in mind a new paradigm, one of restructuring America's economic system in his image rather than triggering economic growth, though he wanted the electorate to believe that growth was his focus.
The economy had turned south by the time Obama was trumpeting that platitude, but that was largely caused by liberal affordable housing policies -- the very type of program Obama would promote in office.
The dismal state of the economy played into Obama's hands, but I dare say he would have pushed for hope and change regardless of economic conditions, because he was offering more than economic solutions. He presented himself as the whole package -- a quasi-deity who would transform the entire country, slow the rise of the oceans and heal the planet.
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