“5. The US consumer can’t get out of a hole. The bloggers have been all over the personal income data for June, which shows that household finances continue to deteriorate. I don’t need to reiterate what others have documented; see for example”
The savings rate has zoomed and credit card balances have declined. Consumers have money. The question is how to get them to start spending again.
Consumers aren't spending because they instinctively and correctly realize that the communist Democrats and globalist Free Traitor Republicans are pushing the US into a total economic collapse.
Bring production back to the US again, and the jobs that went away along with it.
Tariff the heck out of anything imported that can be made or developed here.
Drill for domestic oil and natural gas. Mine the heck out of every mountain, and fill in the holes with the carcasses of communist Democrats and communist Free Traitors. Reopen or rebuild the steel mills, aluminum plants, sawmills, furniture factories, refineries, etc. Build nuclear power plants like crazy.
Of course to do these things, you would have to declare open season on leftists complaining about industrial pollution, global warming, nuclear waste, along with the elitist GOP twits complaining about protectionism.