Just some observations:
- Unemployment has not peaked and the "hunker down" mentality is increasing which will have a suppressing effect on the economy
- The economy has yet to feel the impact of General Motors and Chrysler declaring bankruptcy... and the bankruptcy court decisions that will ripple through the supplier base and have a suppressing effect on the economy
- Oil prices have gone up over $15 per barrel from their lows and that will have a suppressing effect on the economy
- The federal government's deficit spending increases will lead to either or both tax increases and higher inflation which will prompt the Federal Reserve to raise interest rates... all of which will have a suppressing effect on the economy
- Federal energy policies are being pushed by Energy and Commerce Chairman Henry Waxman that will dramatically increase the cost of energy and create burdens on domestic manufacturers which will have a suppressing effect on the economy
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