Yeah they all to some extent played a part.
Maybe it time to do something DIFFERENT. CHANGE is not always easy or painless. There has been plenty of pain to get in this hole....... gonna take more work and maybe more pain to dig out.
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Ohh it will take lots of pain to get out of the hole we have gotten ourselves into.
I honestly feel that the vast majority of Americans do not have the resolve to dig out of this hole.
Just look at the personal debt levels and and saving s levels.
We are a spoiled and lazy society. And we want it all NOW!
We are not willing to save up for something like our previous generations did.
And why that either Russia or China will outpace us.
They are used to living with less and living a harder lifestyle for the most part.
imho the best we can hope for is to hold at this level with little real growth while the others come up closer to our level.
Globalization is not reversible without MAJOR pain which we are not willing to endure.
Believe the pie in the sky lying politicos if you want.
They are not out for the betterment of the rank and file Americans.
Neither party.
I deal mostly in reality.