The Recession is Over!?

According to high level economists and Federal Chairman Ben Bernanke the recession is over.  Really?  Are your sales increasing? Are you hiring any new employees?  Are your profits increasing?  Are you looking at growing your business rather than cost cutting measures?  If you answered yes to any of these questions then maybe the recession is over but if you are like the rest of us I don't see it yet. 

High unemployment isn't expected to end until the latter part of 2010.  So the recession is over but 10% of workers are still out of a job and will be for another year.  Doesn't make much sense.  That is where the disconnect is between government, large business and small businesses.  Government looks at GDP to ascertain if the country is on the road to financial health (or at least repair). Small businesses look at their check book.  If there is money left over after they pay their employees and all of the bills then it was a good month.  Government looks at TARP funds given to big banks to keep them afloat and states it is working.  Small businesses still can't get credit without given up their first born and secured dollar for dollar by a CD.

The recession has ended?  You tell me.

 

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