As is common knowledge, the dollar is based on faith. To some degree, a healthy economy is also based on faith. You have to have faith that the economy is going to keep rolling, that it is not going to collapse. You have to believe that so you do not become part of the problem. How do you become part of the problem? You slow consumption, you stop buying as much as you once did. When you do that, you put people out of work. You add to the number of unemployed. It’s really that simple.
What I’ve been noticing is that every time the President tries to do something that would typically give people a bit more confidence, and possibly stimulate the economy, the conservative media and the republicans attempt to undermine it at every turn, and undermine him. As the President tries to instill confidence, they do just the opposite. Therefore, they share in the responsibility and state of the economy. As a matter of fact, if you are one of the unlucky people who are still unemployed, imo, you can lay most of that responsibility on the republicans. It would appear that they would rather make the President look bad than make the economy better.