This article from the Economics Policy Institute tells an interesting story about one of the reasons the current recovery has been steady, but slow: the Federal government has not been spending enough.
"The economy was in a very deep hole in 2009, and had we spent the way we did after previous recessions, we would have experienced substantial increase in GDP since then. Instead, cuts in government spending over the last eight years have had a pernicious, negative impact on output and income, as well as on jobs and wages, which depend on the level of spending in the economy. If it weren’t for these cuts, the economy would likely be fully recovered by now, and the expansion would have equaled or exceeded the Bush recovery."
"Recent polls from Gallup and NBC News/Wall Street Journal indicate that between 75 and 82 percent of the public thinks that the nation is on the “wrong track.” It is critically important that the public understands why we’re on that track. But for the cuts in federal spending imposed by the Republican-dominated Congress, the economy would be roaring now. Those responsible for this mess should be held responsible for their economic incompetence."