Reply #128: A consequence of

[The Wizard]

cheap labor conservative governance.
With government policy directing money to the wealthy, there's less money in circulation. The only way to get the working class spending in a consumer generated economy is to issue credit.
The fact that we have ditched our manufacturing base, with its good paying jobs, in favor of service jobs that pay far less, is the reason for the current mess.
When the vast majority has more money to spend the economy booms because of the demand.
Cheap labor conservatives, with the Bush cartel leading the way, used supply side economics under the premise that when rich people have more money they create jobs. The problem is they created jobs where the labor is cheapest to increase their immediate bottom lines. The effects of this greed driven principle are coming home to roost. Eat the rich; they're not bad with mustard.