The problem with the economy? Confidence.

http://www.washingtonpost.com/wp-dyn/content/article/2010/11/04/AR2010110406663.html

How could several trillion dollars of fiscal and monetary stimulus barely move the needle of gross domestic product growth? That's the question President Obama needs to answer in the wake of the midterm elections. Why was his policy so ineffective at multiplying its stimulative effects throughout the economy?