Economists speaking in Cape Girardeau forecast a recovery beginning late 2009

By Crystal Britt
CAPE GIRARDEAU, MO (KFVS) - In spite of the bleak economic news one local businessman decides to start up a new restaurant, and he's even looking for employees.  This is on a day when an economist says it will be a while before things turn around for the country.
"We serve everything from breakfast to our famous grinders, taco salads, burgers, a little bit of everything," said Bobby Steers, owner of Bobby's Family Restaurant in Cape.
They're open for business.  Bobby's Family Restaurant on Kingshighway just got off the ground three weeks ago.
"People in Cape need a good breakfast spot," Steer said.
"It's homecookin...not fast food. I don't like fast food," said customer George Landre. 
They've got breakfast and lunch covered, but customers are on their own for dinner.  They close at 3:00 p.m. 
"Right now with the economy, we're not really sure. April 1st Friday and Saturday...we'll stay open until 8:00 p.m. If that goes over well, then after summer we'll be open every night til 8:00 p.m.," said Steers. 
Knowing new businesses are springing up make economists like Ken Matheny, who spoke at Southeast Missouri State University on Friday, feel a little more optimistic about a recovery.
"It's a good sign some are willing, and it's a good testament to the nature of the social and economic nature of the society we're in," said Matheny, with Macroeconomic Advisers, LLC in St. Louis. "There are a lot of things to be concerned about in the short run."
Matheny has a prediction for our country's economy.
"It's still a forecast, but we think there's some reasonable hope that we'll have a recovery in the second half of this year. More importantly in 2010," said Matheny. 
Restaurant owner Bobby Steers hopes to ride that wave of recovery to success.
"We weren't sure if we were crazy or smart, so we just went in head first and did it," Steer said. 
Customers are glad they did. 
"We need businesses to be opening. The banking industry has put us in a lot of trouble," said Landre. 
With the bad news of unemployment rates on the rise, this new business is hiring.