The American and Canadian populations are getting more optimistic about our economic future. You can see it in many areas from the coffee shops to the board rooms and the diner tables.

Americans have grown more optimistic about the economy and the direction of the country in the 11 weeks since President Obama was inaugurated, suggesting that he is enjoying some success in his critical task of rebuilding the nations confidence, according to the latest New York Times/CBS News poll. [Excerpt from the NY Times]

If you watch any newscast where they are discussing the economy and what will bring us back to a prosperous economy it all boils down to the point-of-view of the public. If we have more prominence in terms of opinions that the economy will pick up, then it will pick up. If more people say we are heading for more bad times, then guess what we will be. The economy is the most democratic thing we have, and all votes matter.

In the Commercial Finance world you can see the activity of Businesses looking for financing as a positive measure of the economy. Everyone reacts to their environment and very few are proactive.

More and more businesses need to take action and start buying so that others will start selling and then your company in turn will start selling more.

Not only households but many businesses have put replacing obsolescent machinery as well as planned expansions have been suspended. Not saying we need to bury ourselves with debt but we need to not be so resistant to spending. Do what you can and we will all benefit.

Obama is doing an incredible job of that and he is doing all he can, but he can not do it alone or make the economy rebound with magic. As much as many people want to wake up and have it all fixed for us, we have to make the actions our selves.

If everyone can just buy a little more, replace that old machine, do those repairs to the buildings, order a little more product ” without going overboard, we will get everyone back to work. Most people have learned a hard lesson over the last few years, one that we will hopefully not repeat. Spend you money, but do it wisely my friend.

Commercial Lending including Commercial Equipment Finance and Commercial Mortgage rates have fallen and the pricing of these assets have also fallen so now is a perfect time to make that purchase you have been putting off. You will not see cost of funds as low as they are now for a very long time.