Summary
As someone who works in and studies the transportation sector, which many people consider to be a leading economic incidator, I have some bad news for Jeff: You're probably wrong about 2010. I realize that Mr Immelt is part of the Obama ecopnomic team of advisors, and I realize that the Administration is doing everything possible to talk uyp this economy, but every objective indicator points to a continued economic malaise for an extended period of time. The numbers are very very weak, and other indicators such as containerboard (packaging) data is also in the tank. And today, the U of Michigan Consumer Confidence came in below 50. Not good. Finally, amongst my fellow Presidents and CEO's they all agree. We have no idea what we will have to deal with in 2010. With Cap and Trade, Card Check, Health Insurance and changes in the tax laws, there is too much uncertainty that will adversely affect businesses.
Analysis
See above
