Business investment is depressed because businessmen, dealt heavy blows in the first two years of the Obama administration, lack confidence in the federal government's future policies. Consumers are not borrowing because they too have little confidence in the near future and are still retrenching, i.e. paying off debt, driving cars longer, staying put rather than moving to a new house, foregoing vacation travel, preparing for the punishing taxes and inflation they believe Washington's recent policies are steering their way. The FRB is moving toward QEIII, but unless those two sectors are willing to borrow the new phoney money it will have no greater an impact than the first two. Attitudes have to change before the economy can change. Given their rap sheet, Obama and his demwits should be running far behind in the polls. That would do it. The retardicans are so inept and unresponsive to the American people, however, they have done no better than pull even. There is no economic confidence to be had from this scenario.
If Romney wins the election with a strong congress to pass some saner legislation for a change, business will ease open the throttle and earning consumers will start to feel they may find a better future ahead. If not, there will be no abatement of their defensive postures, and the American economy will not recover its health any time soon. We have to wait until the first week of November to answer this question.