Recovering is not equal to recovered, nor does the official state of the economy necessarily reflect the state of the economy when viewed under a personal microscope (i.e. how it relates to different social classes. See: the rising income gap.)
It's not being vastly overplayed, it's being presented as one factor, not the only factor. The truth is, you are *wanting* to view it as if its presented as the only factor because you feel that is something you can easily dismiss, and you're more concerned with contrived and contentious "state of the game" arguments than logical analysis.