We do not have a two party system, we have a two state system

We flip political regimes between Texas and California. The two state systems govern 25% of the economy.  Take a look bonehead Kanosians, we switch between the two each presidential election, after the regularly scheduled Kanosian recession. Let me just grab a Fred chart:

Potential  growth, YoY % change, it is dropping according to Magic Walrus.  Look where potential GDP drops, right at presidential regime change and that is where the recessions occur.

Any Kanosian out there who fails to see the pattern? Go see an optometrist.  That is why Larry Summers says we are sick.  That is why Reinart-Rogoff say excessive debt lowers GDP.   That is why Euro periphery nations have low growth.

And no, there is no Kanosian stimulus that solves the problem, the problem is clearly a result of  debt cycle spending by DC with support by the Fed.