What needs to be realized is that recovery takes a long time as any other transformation does. That’s what it is, a transformation. An example would be the conversion of our economy to electric power, which took decades.
So forget the quick fix. It’s not happening. Remember that fixing the sick economy of the 20’s/30’s took billions spend in the 30’s during the war AND after the war on hosts of government programs, including infrastructure investments in the interstate highway system, dams, bridges, parks, schools, libraries, you name it and in social programs like the GI bill and heavy spending on schools and higher education infrastructure and personnel.

That took a lot of money. But we got a lot for it in return.

One thing we need is less incentive to invest in banks, loans, real estate, etc and more incentive to invest in producing things. One of the biggest mistakes of the 60’s ever, was the movement of capital away from investing in manufacturing infrastructure and production facility improvements – someone correct me here but I recall it was due to a change in tax laws and banking rules. The early casaulty was the steel industry, which failed to invest it’s capital in intself and went into real estate and other investments instead. What we got was an Alaskan pipeline built with Japanese steel because America could no longer compete with its antiquated steel mills. Ditto US car companies in the 70’s and so on.