Many of the claims of a turn around are accompanied by qualifying statements, like “it seems”, “it’s possible”, etc. Let’s hope these predictions are true, but don’t get too euphoric just yet.

Those predictions sound more like a bottoming, or a very slight increase in economic activity. The real anchor on the economy continues to be the Obama policies of taxing the productive members of society and giving freebies to the undeserving. The proposals to pay for a universal health care is just the latest version. Cap and trade, government bail-outs, the stimulus package all create a headwind for the economy that is difficult to overcome.

Spend wisely, plan well, forge ahead and be smart with your business and, like my clients, you can remain profitable.