|All the available Keynesian levers for achieving economic growth have been pulled, yet the recovery is one of the weakest since World War II. The problem lies with the way the "stimulus" was carried out, the uncertainty of looming higher taxes, and the anti-business rhetoric and regulatory strong-arming of this administration.|
Fiscal policy, under the control of the president and his party, increased expenditures by about $700 billion per year since 2008 and launched a spending package of about $800 billion, all of which resulted in an increase in national debt of over $5 trillion
In this negative environment, businesses are less willing to invest in the future, and individuals are less willing to spend what they can. Meanwhile, savers and retirees have seen much of their income decline because of low interest rates. The massive costs of all the stimulus have been wasted because of the heavy counterweight put on the economy by the administration's anti-business and pro-redistribution policies.