Is The Economic Recovery in Sight?
The American and Canadian populations are getting more optimistic about our economic future. You can see it in many areas from the coffee shops to the board rooms and the diner tables.
According to the NY Times: Americans have grown more optimistic about the economy and the direction of the country in the 11 weeks since President Obama was inaugurated, suggesting that he is enjoying some success in his critical task of rebuilding the nations confidence, according to the latest New York Times/CBS News poll.
If you watch any newscast where they are discussing the economy and what will bring us back to a prosperous economy it all boils down to the point-of-view of the public. If we have more prominence in terms of opinions that the economy will pick up, then it will pick up. If more people say we are heading for more bad times, then guess what we will be. The economy is the most democratic thing we have, and all votes matter.
In the Commercial Finance world you can see the activity of Businesses looking for financing as a positive measure of the economy. Everyone reacts to their environment and very few are proactive.
We really need more proactive measures to get us out of the recession we are in because if we wait to react to changes the changes will come slower.
There are many companies that have put their purchases on hold and that is what helps to stall the economy. The public and businesses need to start buying so they can start selling.
No one can argue that President Obama is not doing everything within his control to stimulate the economy and restore faith in our economy, but he can not do the fix alone. It takes all members of the economy to fix it and we all benefit from the outcome.
You can be sure that once everyone does start buying and selling again, there will be a long term effect on how we spend and buy and hopefully we will learn from our mistakes and not be so short sighted. We all need to contribute. Not talking about digging a financial hole for yourself, but do what you can. It will hurt a bit, but it will hurt a lot more if we do not.
Those companies that have been patching that machine up for the 15th time or cut back on the workforce because there is no more room in the building need to do what is best for their business and get these things taken care of properly. Replace that machine, do that addition or buy that other building. Prices for these things has fallen drastically from only a year or two ago. This is your opportunity to make a good business decision so make it count!
* * * * *
