I'm a big fan of the writing of Larry Correia (Monster Hunter International), so I read his blog frequently.
He had this gem sandwiched in his review of the year.
"And I would have to agree with you except for one thing. The economy runs on good feelings. No, seriously. If people feel upbeat, they continue to invest and spend. If people are freaked out, they hunker down. When everybody hunkers down and quits spending money, then people start to lose their jobs. With Iraq wrapped up, the media needed something to bitch about to get their guy elected, so they picked the economy. 24/7 we got to hear about how we were suddenly in the Great Depression. They just pushed and pushed and pushed, even when the vast majority of people were doing just fine.
So then it all spiraled out of their control, and now we’re hosed. True, we’re not even doing as bad as we were doing in the early 1980s, but that doesn’t matter. This kind of thing is a self-fulfilling prophecy. The economy is based on good feelings, (it sure as heck isn’t based on anything that makes sense) and the good feelings were destroyed out of political expediency and propaganda. Thanks a lot, idiots."
There's more, read it.