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.
Unfortunately, the only hope for the US economy is a massive war between India and Red China...
Well, pardon me, should have said ONE of the major reasons.
But realize, even the fortunate folks with jobs (not affected by regulations and unemployment) have been just paying bills, getting a little food and gas...and that’s it. Talking about the mainstream population here. No extra money to spend at all. Just getting by. That’s millions of people not being able to stimulate the economy.
High cost of food and gas has had a devastating impact on their lives. Lower prices will definitely help the U.S. economy.