This recession isn’t even close to over. It’s going to take a second dip, imo, and it will hurt Obama.

We, as a nation, managed over the past 20-30 years to export our manufacturing economy and turn ourselves into a service industry circle jerk. Until policies are implemented to reverse that, the economy will remain stagnant. ‘Serving’ each other doesn’t produce net growth, it’s just an economic coping mechanism to slow the fall.

It’s going to take decades to undo that damage, and I don’t think anyone, Obama included, can fix it faster. I wish it weren’t so, but I think it to be the situation we are in.