I worked as a courier in 2003, and gas was $1.35/gallon. Back then I thought the price was outrageous. I would love for it to drop to that price now and am hoping for it.
Major reason the economy has stalled for so many years is the cost of gas and food. Middle America and below has suffered enough with high gas prices. Nothing left over to spend and help the economy, just pay bills and get a little gas in the car.
Now we need food prices to drop too. I’m shocked every time I go to get groceries, prices seem to rise week to week. This has been going on for several years now. It’s time for the “average Joe” to get relief. Only then will we see the economy bounce back to a real normality, and the regular citizen participate once again in an active way.
Not the all time low labor participation rate? Not the plethora of regulations that are shutting down whole industries that cannot meet standards for which the technology does not exist?
Blame what you will, but I think you just might be missing a few things.