America has several major problems

if one considers 'deficit' spending has stimulative then the USA has been stimulating the economy for 30 years - with zero results.

Military spending isn't producing anything except a handful of jobs at a cost of millions per job.

America started its deindustrialization in the 70's as old industrial plants and technology became out-dated and the huge industrial companies modernized overseas, seeking low-cost environments while lobbying government to expand free trade 'partners" and tax incentivize imports.

The future economy receives no government help because it is crowded out be tax assistance to the old industry / energy - at a cost of approximately $50 billion a year.
As a America shifted from manufacturing to a service/ transfer economy far less jobs are needed at significantly less cost, while a open border policy flooded America with millions of cheap labor workers.

Now the transfer/financial economy is leaving America killing the last of the middle class jobs while continuing the military adventurism to support American flag companies and the energy appetite of a addicted society - are you prepared to pay $20 a gallon to drive 5 miles to get a $10 gallon of milk in you're 8 mph SUV?

The American economy is crumbing and the rich are demanding massive tax cuts (in the pretext of resurrecting it) before they flee (note the massive profits kept off shore). They have got millions(Tax Party et al.) bought into scheme thinking there are enough seats on the TITANIC. Well its due to sail soon. Are you sure you will be included?

I didn't think Obama was an FDR but I thought he saw this dynamic and would move to reposition the American economy - however he has proven to be owned and controlled by the elites. I guess he would never have been elected otherwise. Call me paranoid but no one has been elected Prez who didn't have the approval of the MIC since WWII.
Our country may need to collapse before we can rebuild it.