Power Breakfast: Recovery coming soon, water talks, banks

That faint light at the end of the tunnel seems to be appearing.

Often in this space, you awake to depressing news about the economy.

Well yesterday, the index of leading economic indicators rose for the third straight month, the Conference Board reported. The group also said activity in the six-month period through June rose 2 percent, the Associated Press reported.

Seven of the index’s 10 indicators rose in June, including building permits, stock prices and manufacturers’ new orders for consumer goods, the Associated Press reported.

If these conditions continue, “expect a slow recovery this autumn,” Conference Board economist Ken Goldstein told AP.

It’s going to be a rocky road and unemployment will continue to rise. But three months of positive numbers mean we are headed in the right direction. Finally.

In the AJC:

In other media:

6 comments Add your comment

LarryG

July 21st, 2009
7:48 am

Recovering? Not yet, because the incompetent in the White House and his cabal of dummies still don’t have a clue about how to fix it.
Now the nitwit wants to trash our health care, and then give free care to twelve million illegals.
What a disgrace.

David

July 21st, 2009
7:50 am

^ I dunno what kind of healthcare you’ve got, but I’d gladly “trash” my nightmare of a plan.

RGB

July 21st, 2009
8:07 am

LarryG is correct. Obama and the neo-statists want to ensure that we are all equal–that we ALL have a “trash” of a health care plan and that we are all equally poor. With the CBO estimating our Obama indebtedness at $23 TRILLION (if he gets his way), there is no other outcome. With annual GDP at $14 trillion, the $23 trillion is amazing and breathtaking.

Let’s hope enough people with common sense resist this thing til the last breath.

Willis

July 21st, 2009
8:18 am

It would not matter what the President wanted to get done with health care – those who are against him would trash him no matter what. To them, it’s more important to beat up the President than to reform health care in this country.

wbk

July 21st, 2009
8:24 am

willis:
Sounds like the liberals on Bush does it not? Well, not to include Mike Vick on this, but the sun does not shine on the same dog’s a$$ all the time.

Brad

July 21st, 2009
8:57 am

It’s not about trashing the President nor the healthcare plan…. the criticism is all about the fact that WE CAN’T AFFORD WHAT HE IS PROPOSING!!! It’s amazing that it has gotten to the point in this country where you can’t oppose something that costs TRILLIONS of dollars without being accused of “trashing him no matter what.” What chu talkin’ ’bout Willis??