If he's so smart, why can't he enact some policies that would help the recovery?
Looming ill-defined taxes built into Obamacare has employers in hunker down mode, especially small business, who have to hoard money for taxes, and they don't know how much they'll need, so they're saving every bit they can.
AND the biggee that almost no one talks about: Regulations and their cost.
This admin has greatly increased the size and scope of regulatory agencies. They feed on their own capacity to collect power and money.