No Explanation of How to Fix It
The Great Recession, circa Jan. 2008 to ??? should be in recovery phase at this time. Recovery in the average post World War II Recession has taken place in far shorter time than this recession. The explanation is that The Great Recession has been unique in two ways, a collapse of the financial system and a collapse of asset (housing) prices.
A third reason why the Great Recession and its so-called recovery are different has been developed by The National Employment Law Project, a liberal leaning think tank. This group has issued a report and found that
From an economic policy point of view this is very bad news. It means that the income of those returning to employment is less than their previous employment, which means their consumption is less which means aggregate demand is less. The
economy simply cannot fully recover without increases in income over current level to low and middle income workers. U.S.
Nope, Can't happen, won’t happen.