http://rationalwiki.org/wiki/Pseudomathematics#P_vs._NP_problem
A computational problem is considered "in P" if an algorithm exists that can solve the problem in "polynomial time" — that is, it's O(n), or O(n2), or O(n3), or any order where the n is raised to some fixed power. If, however, the fastest algorithm is something like O(2n), where the n appears as an exponent, then the problem isn't being solved in polynomial time and isn't "in P".
I recently took an algorithm analysis course that I didn't feel was taught well and I spent a while trying to understand "poly time" and nothing I read led me to believe that an O(2n) algorithm was not considered to be in P. Is that the case?