By preventing assets from reaching their market levels, the administration risks making the recession last longer than it should.
The uncertainty in all of the radical bills proposed in the first year has businesses behaving like a deer in the headlights. They are afraid to invest in such an uncertain environment, yet many cannot afford to close. They cut expenses as much as they can and hope they can hold on until the market turns.
They see a poor risk/ reward proposition and thus refrain from growing, and they refuse to die. They are neither living nor dead.
We are in the middle of a Zombie Economy.