recession

It would be great if the recession ends for everyone at the same time; but it just doesn’t work like that.

Over the past 60 years there have been nine recessions. The business community, for some unknown reason, has participated in nearly all of them. Their customers, on the other hand, have chosen to participate in only two.

As we sit on the brink of financial chaos customers and business owners alike are wondering which we are facing. Will this test make us stronger in the long run or will it completely change the way business is done?

In my opinion, Ben Bernanke is in a race against time. Can he borrow and spend money fast enough to outrun the recession? And, can he do it before investors and buyers start to lose confidence in the dollar?

Will “the worst of times” make us stronger in the long run? Or will “the best of times,” on the distant horizon, completely change the way business is done?

The President wishes the Nation a Happy New Year and shares that his resolution for 2011 is to help the families and business hurt in the recent recession. The President also references our past in hopes of motivating the country to work together to really focus on the long run 10, 20 years from now. Video of address inside.