Bascially, the comments by JPM's Michael Feroli, are the critical part at the link.
I personally do not like blaming this on Obama (who I did not vote for) because I believe that both parties are equally guilty.
Be warned that Zero Hedge is a bear den, and suffers from a common bearish slant. I tend to the bear side, even so - ZH is pretty bearish. Still there is much good info there. And at the links they have on the left side.
http://www.zerohedge.com/news/jp-morgan-finds-obama-and-us-central-planning-has-broken-economic-virtuous-cycle
Quote from: linked articleIn a nutshell, Feroli finds that "Productivity, which used to be procyclical, has now turned countercyclical"