People say that we need confidence in order to have a good economy. What they should say is that we need trust. If you have trust, you have confidence.
But saying you need confidence is papering over when you mess up. I messed up, you need to have confidence in me in order for things to get back to normal. No, we need to examine everything from the ground up. Why should we have confidence when a disaster just happened. You need to regain trust in order to have confidence. You don't just get a blank check.