The issue which everyone knows, but that nobody wants to say, is that China is heading for global preeminence.
They do not allow foreign direct investment, only foreign minority ownership (which really is not ownership at all) yet everyone keeps on sending formerly American businesses there. And China keeps on growing every more, taking ever more American businesses, and becoming ever more advanced.
Yet nobody will say that. Everyone is silent.
Except recently, for Donald Trump. :D
Debt to America!
The electorate 20 or 30 years ago would have put part affiliation aside and not stood for this poor performance. In those days, Obama would have been voted out after one term no matter who the GOP ran. (There was a post here the other day that documented that he had the 4th worst economic performance of all presidents going back to Washington. ) But, it's a different electorate now. A different mindset that was instilled by left wing academia and reinforced by a "progressive" pop culture.
All is not lost. We need to learn form the left's tactics and fight back using the same methods only ratchet it up five or six fold.
This is unexpected. Who would have guessed that socialism would fail again? Even in America!
American economics leans heavily of faith and we are sluggish now because "we" have no faith ... especially in ourselves
Wow...a long-lasting reverberation from the late 1970s.
Who was president then? A Democrat counterproductive and weak on domestic issues and even weaker on foreign policy and the Islamic threat.
Janet Yellen may as well wear her O2012 T-shirt to meetings and hearings.
They need to go back a little further to show how it once was.
Records lost or what?
We have the new normal because nobody can remember how things once were when they are never told or taught.
Yet, surprisingly, there are millions of Americans who want to continue with these policies.
Wrong.
Truth is, without the (heavily) cooked books of the BLS, we have had a shrinking GDP for 10 years.
There is no growth, sluggish or otherwise. Debt is the only growth this country is experiencing.