By: George Chase, Chief Executive Officer
In mid-December, Larry Summers, Senior Economic Advisor to President Obama, announced that the most severe recession since the Great Depression is finally over. His proclamation was based on improving job loss numbers and gross domestic product
numbers.
In spite of a 10% unemployment rate, a penchant for insane spending by Congress, and the uncertainty about the Obama political agenda, i.e. Health Care Reform, Cap and Trade, Card Check (the express lane for unionization) etc., the economy is improving.