The slope of the growth curve will remain nearly flat. Most business has adjusted to the status quo and have achieved some degree of profitability. For small and very small businesses the challenges to exist will continue. In a given slot, there may just be too many for a moribund economy to support. more will fail.
There can be no revival of the GDP growth until Obama is gone. Growth will result from a Republican President that replaces at least half of the bureaucrats and destroys wholsale the major regulating agencies.
So many have lost faith in the American people and lost trust in government, that I can’t see much in the form of recovery.
There’s been such a tectonic shift towards collectivism. I doubt we can ever recover from this. My German mother recounts earlier times in pre-Nazi Germany. They sound eerily familiar to todays scenario.
Is this simply natural human direction towards feudalism? We know that the American brand of freedom, individual responsibility and economic liberty are not the normal. To quote Merle Haggard, ‘Are the good times really over for good?’
(Been reading ‘The Second Machine Age’, and I don’t see here the type of innovation and ambition that it would take to thrive and prosper in the future.)