They couldn't do much more damage if they set out specifically to destroy the economy, so you start to wonder - is that the real plan? What is the final outcome that they are aiming for because it isn't economic stability and a healthy economy.
It seems that the political class has declared, more-or-less...open war on the productive middle-classes. The poor are only needed for votes every few years, and to perpetuate the endless social maladies that supposedly necessitate the strong arm of government in the first place. I wish I had other conclusions to arrive at, but this one fits the known facts at hand. I can no longer in good faith presume stupidity and incompetence. This reeks of malevolence.