We're not in a recession. This is the new economy, the way the economy will function until someone changes it. It's unlikely someone in the near future will want to change it for the better.
The current economy can't be blamed on "business cycles" or "boom and bust," not years after the housing bubble burst. No real reforms were passed to prevent another financial crisis, and no one is even discussing a real economic policy that would make the economy work better for everyone.
The right wants to make the current problems worse by decreasing spending, cutting jobs, and cutting taxes.
Liberals confused about how the world works and can't even articulate a goal (everyone having the means to live a decent life? Full employment? Salaries by any means? Or just making Republican policies slightly less painful?).
The left, the poor, organized labor, and the working class have been so marginalized that they can't effect change.
The wealthy are making out like bandits, making more money than before and getting taxed less (at least they realize this isn't a recession).
The middle class barely exists anymore.
The media is part of the wealthy class and they're just hoping that the government will do what it takes to increase poverty, while doing what they can to keep people stupid enough to accept the coming changes to the economy.
And the government is in the hands of the wealthy.
Is anyone motivated and able to change the way things work for the better in the near future? No. Is anyone doing anything to decrease unemployment and poverty? There are a few small policies every now and then, but nothing that's going to give full-time employment to the 17% of the American workforce that doesn't have it.
I think there would be more clarity in what's going on if people just realized that this isn't an unfortunate accident, but some people's actual vision of how the world should be. And those people have more power than the rest of us.
In other words, it's what the US has been dishing out to other countries for decades, and now they've figured out how to slowly enact policies of deregulation, tax cuts, and spending cuts in the US itself. If anyone thought any sort of patriotism was going to keep these folks from expanding the American underclass, then they're being proven wrong today. Democratic and Republican presidents don't have any trouble imposing these economic plans on other countries, and since the world is getting smaller, etc., there's no reason to believe that people with power aren't trying to increase unemployment so that their relative power and wealth increases.
The funny thing is that it's the right that's always talking about American exceptionalism when they're advocating that the US implement the same policies the Western world imposed on third-world countries to keep them down.