No, but the team is trying to get the sport back in to the 2016 Summer Olympics. They did not have enough votes for any baseball to be added as a sport or for a replacement sport
The US won 46 gold medals at the 2012 Summer Olympics.
The Summer Olympics of 1996 took place in Atlanta, Georgia in the US.
1980 summer Olympics
The only sport the US does not compete in at any Summer Olympics (including 2008 and the upcoming 2012) is handball.
Summer Olympics, as well as Winter Olympics, only happen once every 4 years. The 2000 Summer Olympics took place in Sydney, Austrailia, and the 2004 Summer Olympics were in Athens, Greece. 2002 Winter Olympics were in Salt Lake City, UT, US.
4 times for each Summer and Winter Olympics.
The last Winter Olympics in the US was in 2002 in Salt Lake City. The last Summer Olympics in the US was in 1996 in Atlanta.