The problem is that economic activity depends on certainty.
Right now there is no certainty as far as business is concerned.
The current jobs that are being created are mostly temporary ones for the Christmas season.
Those jobs will mostly disappear after the season is over.
Furthermore, because of Obamacare and the suffocating regulations coming out of Washington and the Obama administration, this too is also causing major concern throughout the business sector.
Yet another factor is the massive spending coming out of this lame duck session of Congress.
All of these things taken into account is the reason for the anemic growth we are seeing.
We are still in a recession and it is not getting any better and neither this lame duck session of Congress or the Obama administration are taking constructive steps to change the outlook.
The question is whether this is a normal recession or a one-in-a-lifetime game-changing depression.
If domestic manufacturing jobs do not return (in the millions and millions) it can only be the second.