Is the Economy Healing Yet?

By, Meredith Anderson

Our government has been trying hard to help our country out of this recession. The auto plan, the Recovery Act, the housing plan, and many other acts have been helping our economy strengthen ever so slightly. However we are not totally out of the hole yet and the climb back to a healthy economy is still quite a while away. Obama lets the country know that although things are looking in a more positive direction we still some hard times to face. “But economic improvements do not mean that hard times are over -- 2009 will continue to be a difficult year for America's economy. ... The severity of this recession will cause more job loss, more foreclosures and more pain before it ends.” To further back up Obama’s statement Federal Reserve Chairmen Ben Bernake says, “"full recovery is likely to take more than two or three years."

For lots of us it is hard to know whether or not we are improving. We rely on the media and our government to tell us where we are headed. The problem with this is that everyone seems to be confused about what’s good and what’s bad. Not only has our economy spiraled our perception of what is a healthy economy is becoming slightly impaired as well.




Sources:

http://edition.cnn.com/2009/POLITICS/04/14/obama.economy/index.html
https://www.eccu.org/resources/thebuzz/2008/october/14
http://www.usatoday.com/money/economy/2009-02-24-bernanke-economy_N.htm