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Friday, May 08, 2009

Hit Bottom Yet? No Way

The MSM meme seems to be that the recession is bottoming out. Hmm. I read yesterday the US Postal service volume was down almost 15% in the 1st quarter of 2009.

That tells me we have a long way to go before we hit the bottom of the recession. My overriding observation is the Obama administration has not done much to restore the confidence of the average American and especially the small business owner.

Very few are planning to expand their business and evn fewer are starting new businesses.

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