Both of the major political parties are responsible for this mess. It all began with NAFTA and the outsourcing of industries, along with the jobs they supported. Seventy percent of the disposable income that supported the American market comes from the income of ordinary people. No job and no market.
Without that disposable income from good-paying jobs, credit replaced savings as a source of income for banks and retail sales. Reasonable interest on savings was replaced by investment schemes with AIG-type annuities and other Wall Street schemes. However, with no jobs and no income you can't even pay for a good mortgage, or buy a car or some other high-end item.
Without the well-paying jobs that provided a middle-class lifestyle for the average person, there is no American market! You don't need a commission! You just need to pay attention!