“The structural problems have not gone away though,”
The rate cut was a band-aid to cool things down a bit. We have some serious issues to deal with.
We have to get back to the basics of what made us strong.
Only securing cheaper energy and substantial reductions in taxes will reap long term gains.
Anything less is just a lot of hot air.
We import too much. That includes energy and a host of other things.
The rate cut addresses our imports by dropping the Dollar and thereby making imports more expensive. You've got to keep dropping the Dollar until imports stop increasing (at least!).
Building new nuclear power plants in all 50 states would also help reduce our imports and lower our energy costs.
All of the above will help keep money inside the U.S., where we recieve leverage on our Dollars so spent (money that pays a U.S. company in turn pays a U.S. salary where the U.S. worker then gets to spend that money in the U.S.), rather than sending money overseas with no leverage-wealth-effect.