Pessimism Is the Rule

摘要

Our survey had already been returned when the recession had been pronounced "over" by some economists as third-quarter GDP showed positive growth. Yet no one in construction believed that was the case for our industry. Double-digit unemployment, slow-moving stimulus funds, and a transportation reauthorization bill delayed by a Congress consumed by health-care reform all kept construction from any sort of rebound. As work in the pipeline kept many contractors occupied for most of 2009, that pipeline is decidedly quiet heading into 2010.