CONGRESSMAN JIM HIMES

Representing the 4th District of Connecticut

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In Case You Missed It

April 26, 2010
Press Release

In case you missed it, today's national news provides further evidence that American families are beginning to feel some effects of an economic turnaround. Articles in USA Today, Bloomberg, and The New York Times point toward an improving economy. Experts assert that the economy is beginning to move in the right direction and that the recovery is here to stay.

USA Today: “Economists say recovery looks stronger than expected”

From the article:

The recovery is shaping up to be stronger than expected and there is little risk the economy will slip back into a recession, according to USA TODAY's quarterly survey of 46 leading economists.

Other Commentary includes:

David Wyss, Chief Economist at Standard & Poor’s: “I think we've gotten to a point where it's a self-sustaining recovery.”

Stuart Hoffman, Chief Economist at PNC Financial Services Group: “I feel more confident ... there'll be no relapse.”

Bloomberg: “Companies in U.S. Plan to Increase Employment, Survey Shows”

From the article:

More U.S. companies plan to boost payrolls as sales strengthen and the outlook for economic growth brightens, a quarterly survey of economists showed.
Commentary from William Strauss, Senior Economist at the Federal Reserve Bank of Chicago:

“The U.S. recovery from the Great Recession continues, with business conditions improving.”

New York Times: “From the Mall to the Docks, Signs of Rebound”

From the article:

Many economists estimate that consumer spending — which makes up some 70 percent of American economic activity — swelled by 4 percent during the first three months of the year, more than the double the pace once anticipated.

…much of the improvement appears the result of the nearly $800 billion government stimulus program…

Commentary from Bernard Baumohl, Chief Economist at the Economic Outlook Group:

“Consumers are showing extraordinary resilience. There’s a lot of pent-up demand out there that is now being unleashed. The whole supply chain system is now being revitalized.”