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Now that some government officials and economists are claiming the biggest economic downturn since the Great Depression is ending, we can expect the country to be well on its way to making a full economic recovery. That’s what we’d all like to believe so that we can get back to “business as usual.” Even though the Commerce Department reported that the economy grew at a rate of 3.5 percent during the third quarter -- the best showing in two years -- many people expect there may be some additional detours and bumps to face on the road to recovery. JPMorgan Chase economist David Hensley told USA Today in October that even though companies spent $879 billion for the third quarter, it is only at the same level as 2001. He said companies haven’t even been keeping up with depreciation. On the Nov. 1 edition of NBC’s Meet the Press, Treasury Secretary Timothy Geithner said large businesses have been able to borrow money again and they can raise capital. He said more needs to be done to help out small business. Small business operators are more dependent on banks, and more has to be done to provide these companies with the credit they need.
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