We have moved from the Great Recession to the Great Malaise.
Despite massive government stimulus, the world’s largest and most advanced economy continues to limp sideways.
Unemployment remains stubbornly high.
Growth remains slow and prospects for employment growth remain bleak.
Wages continue to stagnate.
Recent college graduates and young professionals may well be the first generation to live a life inferior to those of their parents, conventional wisdom holds.
The United States has entered a period of slow decline, much like the sun finally setting on the British Empire in the 20th century.
Stifling red tape and regulations has driven costs so high that many companies have shifted testing regimes and market focus to Europe and Asia.
Add to all of this an aging populace requiring more and more support from younger workers, ballooning health costs and a tax structure that beggars the young to underwrite benefits for the aged, and the United States looks more and more like a historical footnote than a superpower.
http://www.washingtonpost.com/blogs/innovations/wp/2014/01/02/how-the-united-states-is-reinventing-itself-yet-again/?tid=pm_national_pop