There are two major factors that keep the brakes on the economy:
1). The minimum wage.
2). Labor unions.
Abolishing the minimum wage would be a bold and very brave move but it would make America the most powerful economic engine on the planet with full employment. The minimum wage is an evil artifice for it prohibits a employer and a worker from setting an honest price. The minimum wage is simply anti-liberty.
And as for labor unions, this map pretty much says it all:
Even in these Obama-induced tough times, those states where freedom reigns are faring better than where the shackles of forced-unionism are found. The map hasn't yet been updated to reflect Indiana's status, a proud new member of the Right to Work states.
Indiana is already indicated as a Right-to-Work state on that map.
I just realized that the NRTW Foundation has updated the map for Indiana. I had become accustomed to the older map where this hadn't yet been done.