We have 9% unemployment.
That means 91% of the people still have jobs.
Most of them are making the same amount as they always did.
The recession is caused by the 9% unemployed not buying anything but also by a large degree of the 91% stopped buying also. These 91% hear recession and they act like sheep and think they also need to stop spending.
Maybe their 401K’s took a hit, but the best thing they could do for that is to start spending again. If I was the President I would encourage these people to simply start spending again.
If they did, the Great Recession would be over.
They could end it today.
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