This is really positive news considering the global economy and the depth of
the 2008 recession. It also is further evidence that BO's approach to the
global recession and the banking crisis with a Keyensian approach was right.
Most respected economist encouraged more goverment spending and if we and the
rest of the world had adopted that strategy things would be even better. As the
article points out the biggest drag on the economy appears to be the reduction
in goverment spending. We're all fortunate the Tea Party and the
conservatives did not have the power to drive us further into the Bush ditch.
HS Fan,hahahahahahahahaha,oh, please stop, you are killing
me.If BO's approach had been correct, why was the recovery so
slow in happening?1Q GDP: Came in at 2.4% vs. 2.5% est. and 2.5%
prior, as the economy expanded less than expected. Slower business inventory
building and reduced government spending offsetrising consumer
spending.• Jobless Claims: Were 354k vs. 340k est. and 344k
prior, as more people file for unemployment benefits than expected.Economic indicators are all over the board - if there is any trend, it is that
improvement is too slow, and inconsistent with prior recoveries in how long it
is taking.BO's policies are impeding, not encouraging or
facilitating the so-called recovery.