"[The economy] has...grown by about 2%, 2.1%, for the last five years, which is the lowest rate of growth coming out of a recession we have had ever, since the Great Depression. And what's more, that only took place, not because of the fact that the economic environment was that good, it's because we have a hugely stimulating monetary policy and fiscal policy. We have run up huge national debt and we have undermined the value of the dollar, and this is in my judgment not representing a good economic policy" he argued. And "he [Obama] has lost the confidence of the business community and the business world in terms of where it counts, which is investment, and new plant[s] and equipment."
Comment: The poverty in the U.S. is rampant and it's worse than most people believe: more than 46 million Americans are on foodstamps.
Zuckerman concluded that the national debt would "restrict what we are going to be able to do as a country for decades," adding that "we have a situation where we are losing the competitive edge that we had, not totally, but in many, many areas."
America is in the shitter because our "business" leaders needed more and more profits so they exported all the good paying jobs and for those jobs that can't be exported the import hb1's and illegal peasants to do those jobs. (there's a great video on youtube called "how not to hire an American", look it up)
so what we have now is an economy based on $8 an hour jobs or put another way most Americans can not afford the American lifestyle and until that changes it'll be a slow grind down to the bottom.
when i was 22 years old my entry level drafting job paid me $14 an hour that is the equivalent of $32 in today's dollars, that same entry level job now pays $20 an hour if you're lucky and that my friends is why things are as they are and it matters NOT who is in the white house.