Economic Recovery is in Sight

There is little surprise that the public in general is getting more optimistic about the economy.

As noted in 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.

The Business Financial Lending has been picking up over the last 11 weeks in general. Even before the stimulus packages were rolled out, the general hope that people have for the economy was creating more business but it is far from enough.

The more businesses buy; the more consumers buy; the more consumers buy; the more businesses buy. We all need one another in this thing.

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.

President Obama is leading the way and doing damage control on the economy and is creating methods to stimulate the economy but we all need to do what we can.

Businesses have been looking into new purchases to increase productivity and replace worn machinery and now they need to take action and do it. Pricing for the Commercial Real Estate and Commercial Equipment has fallen and we will not see these prices for a very long time. The cost of funds has also fallen and it rarely happens that you get reduced interest rates and reduce capital costs. Now is the time to start buying.

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Filed under: Politics

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