The Economy Will Get Better...Eventually

"We stand here today in the 13th consecutive month of recession," said Dr. Richard Tutterow of Mercer University, Macon, Ga. He addressed nearly 200 attendees during the ACMA General Session about the state of the economy and its future prospects.

Tutterow pointed out that the average for post-WWII recessions is 10 months, so "this recession is already a little long in the tooth." High energy prices, a credit crunch and a sharp correction in the housing market are factors that contributed to current economic environment. Nonetheless, the economy isn't as damaged as some people say: "Anyone that tells you what we're working through right now is comparable to the Great Depression is greatly overstating their case," Tutterow said.